Citywire Selector - For Professional Investors

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

Russell Investments launches local currency EMD fund

Russell Investments launches local currency EMD fund

Russell Investments has unveiled a local currency emerging market debt fund to be run on a dual mandate by Stone Harbor Investment Partners and Pictet Asset Management.

The London-based multi-manager outfit announced the Emerging Market Debt Local Currency Fund will be Dublin-domiciled and follow a two-manager structure.

In launching the fund, Russell Investments said it was targeting an area of the market where they expect increased growth, with the potential for currency appreciation.

The firm said the selection of US group Stone Harbor Investment Partners and Swiss firm Pictet Asset Management is based on their respective experience in the area of local currency developing world debt.

By using a two-manager approach, Russell Investments hopes the two management styles on offer will complement each other and provide strong, risk-adjusted returns.

Commenting on the fund, Russell fund manager James Mitchell said: ‘Strong economic growth, improved and sustainable fundamentals, and variety of local debt markets available, makes investing in this asset class an attractive complement to other fixed income and equity exposures.’

The fund will be benchmarked against the JP Morgan GBI-EM Global Diversified Index.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Alternative Ucits Retreat 2015

    Citywire Alternative Ucits Retreat 2015

  • Citywire Alternative Ucits Retreat 2015

    Citywire Alternative Ucits Retreat 2015