EMD

ING's emerging markets hard currency debt team has increased its exposure to troubled former Soviet state Ukraine following the stand-off in Eastern Europe.

Aberdeen Asset Management has promoted Siddharth Dahiya to the newly created position of head of emerging market corporate debt following the departure of Esther Chan from the group.

Multi-asset managers have begun to add exposure to emerging market debt (EMD) after yields on dollar-denominated debt rose above those on junk bonds for the first time since 2005.

Brazil and Mexico offer the best opportunities for investors seeking an entrance to emerging market debt, Western Asset Management Europe's director has suggested.

Lotfi Ben Lazrak, global bonds and currency management product specialist at Amundi, has argued investors should be more willing to take currency risk within portfolios.

Bryn Jones and David Coombs have bought into emerging market debt in the Rathbones Strategic Bond fund for the first time in 12 months after spreads widened significantly during the recent sell-off.

Ignis Asset Management has launched an Absolute Return Emerging Market Debt fund for Dan Beharall in a move to expand its absolute return product range.

Strategic bond managers are taking short-term positions in emerging market debt after the summer sell-off brought valuations back down to attractive levels.

Kames Capital's fixed income specialists David Roberts and Philip Milburn are seeing value return to long-dated bonds following the recent spike in bond yields.

M&G's Jim Leaviss established small positions in selected emerging market debt and currencies at the end of July despite remaining bearish on the asset class as a whole.