NN Investment Partners (NN IP) has expanded its emerging markets range with the launch of a short duration EM bond fund, in response to client demand.
Managed by NN IP's senior portfolio manager Marco Ruijer the fund is a US-dollar denominated portfolio of 123 securities with a maximum duration of five years. Benchmarked against the 3m USD Libor index, the fund can only invest in sovereign and corporate issuers with a minimum size of $500m in order to avoid liquidity risk, while the credit rating of the portfolio should average BBB. Furthermore, it has a maximum single country exposure of 10%, a maximum total corporate bond exposure of 50% and a maximum single corporate issuer exposure of 3%. The drivers powering investor interes...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
