Specialist fixed income manager BlueBay Asset Management has launched a new actively managed emerging markets short duration bond fund – the BlueBay Emerging Market Aggregate Short Duration Bond Fund.
The Ucits fund, domiciled in Luxembourg, combines emerging market sovereign and corporate debt into one portfolio and consists of hard currency assets trading at a spread over US Treasuries. The fund seeks access to a broad spectrum of short-dated emerging market credit across 58 countries and 13 industry sectors.
The portfolio managers are Jana Velebova, Polina Kurdyavko and Anthony Kettle.
Kurdyavko, head of EM, said: “This new fund is suited to investors who desire to limit the duration sensitivity within their credit portfolios.”
The fund has daily liquidity and is benchmarked to the JPMorgan Blend Hard Currency Credit 50-50 one to three-year index.