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AB unveils EMD total return fund

AB unveils EMD total return fund

AllianceBernstein has expanded its emerging market debt fund range with the launch of a total return-focused strategy, Citywire Selector has learned.

The AB SICAV I-Em Mkt Debt Total Return fund was formally launched on November 16 as a Luxembourg-domiciled fund and sits within the hard currency EMD sector.

In fund literature, it states that new approach will have at least 70% of its assets invested in emerging market debt in both EM and non-EM currencies. It can invest across a variety of fixed income securities, derivatives and money market instruments.

A spokesperson for AB confirmed the launch and said it will be run by joint lead portfolio managers, Shamaila Khan and Christian DiClementi, who both have extensive experience in emerging market investing.

'With its unconstrained approach, we believe this strategy is an effective way for investors to get exposure to AllianceBernstein’s high conviction fixed income investment ideas in the emerging markets.

'The strategy is an extension of AB’s emerging markets debt platform and will be registered throughout Europe in due course. It responds to clients’ needs for increased flexibility to seek the most attractive investment opportunities in the emerging markets.'

AB currently runs several emerging market debt funds, including the AB FCP I-Emerging Markets Debt Portfolio overseen by veteran Paul DeNoon alongside Khan and DiClementi. DeNoon and Khan also run the AB SICAV I-Emer Market Corporate Debt fund.

This launch marks the latest launch for AB which also unveiled a low volatility-focused Asia Pacific equity fund at the start of November. This was designed to strengthen its work in within low volatility strategies. 

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