Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Ignis launches EMD absolute return fund

Ignis launches EMD absolute return fund

Ignis Asset Management has added to its absolute return range with the launch of an emerging market debt fund.

The Luxembourg-domiciled Ignis Absolute Return Emerging Market Debt fund is managed by Dan Beharall (pictured).

He joined Ignis from Henderson in December 2010 to take up the post of head of emerging markets fixed income.

Beharall is supported by deputy Sailesh Lad and market analyst Mikhail Volodchenko.

The fund, which will be distributed across Europe including the UK, is based on a strategy Ignis has managed for an institutional client since January 2012, which aims to deliver a positive total return in excess of cash on a rolling 12 month basis in all types of bond market conditions.  

If it hits targets investors will be subject to 10% performance fee, which will be on top of a ‘clean’ 0.9% annual charge. It also offers a ‘super institutional’ share class with an annual charge of 0.55%.

The fund will begin life with seed capital of $100 million.

Speaking to Citywire Global's sister title Wealth Manager earlier this year, Beharall indicated how talk of tapering quantitative easing had impacted the asset class.

'Lazy money has gone into the asset class, piggy-backing the quantitative easing trade,’ said Beharrall.

‘But it will be vulnerable to a turnaround. When [Federal Reserve chair Ben] Bernanke started talking about tapering, the way people adjusted recently had a disproportionate effect on emerging market assets.’

The fund sits alongside Russ Oxley's £1.7 billion (€2.03 billion) Ignis Absolute Return Government Bond fund and a recently launched higher octane version of the fund targeting an annual return of between 8 and 12%.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Luxembourg Forum

    Citywire Luxembourg Forum

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2017

    Citywire Italy 2017

  • Citywire Berlin 2017

    Citywire Berlin 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire Professional Buyer

    Citywire Professional Buyer

  • Citywire Madrid 2017

    Citywire Madrid 2017

  • Citywire Switzerland Retreat 2017

    Citywire Switzerland Retreat 2017

  • Citywire Amsterdam 2017

    Citywire Amsterdam 2017

  • Citywire Frankfurt 2017

    Citywire Frankfurt 2017

  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016