Vontobel Asset Management has launched a Luxembourg-domiciled emerging markets debt fund in Singapore.
Managed by Citywire AA-rated Luc D’Hooge, the Vontobel Emerging Markets Blend fund was first launched in 2015.
It exploits value-driven and event-driven inefficiencies across emerging hard-currency sovereign debt, local-currency debt and corporate hard currency bonds.
The fund mainly invests in securities issued by public or private borrowers domiciled in, having their business activity in or exposed to emerging markets.
D’hooge, who is also the company’s head of emerging markets fixed income, said the fund follows the same active, value and contrarian investment philosophy as the other strategies that his team manages.
The fund offers investors the flexibility to delegate the decision in which asset class to invest and whether in hard or local currency.
Over the last three years, the Luxembourg-domiciled fund has returned 12.8% per annum on a net-of-fees basis for the institutional share class, outperforming its reference index by over 7% per annum.
It is suitable for investors looking to exploit current valuation opportunities and gain emerging markets exposure through the entire cycle.