Jupiter Asset Management has launched an emerging market corporate bond fund for Alejandro Arevalo.
Arevalo joined the firm from Pioneer Investments in December to 2016 as part of the asset manager's plans to enhance its developing world debt coverage.
The Jupiter Global Emerging Markets Corporate Bond fund will target long-term income and capital growth by investing in bonds issued by companies exposed directly or indirectly to emerging market economics around the world.
The fund will be benchmark aware but not constrained and Arevalo will use a top down and bottom up approach. This is designed to uncover long-term opportunities which could benefit from macro events and other events at sector or company levels.
He has has over 18 years of experience in emerging markets and spent four years at Pioneer where he worked as an emerging markets corporate debt manager.
Commenting on the launch, Katharine Dryer, head of investment, fixed income and multi-asset at the firm, said: 'At Jupiter we have steadily built out our fixed income team over recent years and the decision to move into EMD is part of our long-term strategy in this area. The EMD sector stands out as an area of opportunity for active managers.'
'In looking for the right individual to spearhead this initiative it was important to us to identify a team player who shares the same focus on fundamental credit analysis and management of downside risk, as well as an ability to read macro trends. In Alejandro, we believe we have found a manager whose style is very much compatible with our team ethos.'
The fund is available for sale in Austria, Belgium, Finland, France, Germany, Italy, Netherlands, Portugal, Spain, Sweden, Switzerland, Singapore and the UK.