Mirabaud’s Emerging Market 2025 Fixed Maturity strategy will be launched at the end of November. The fund aims to capture the attractive yields currently offered by Emerging Market issuers, with a profile close to a single bond and the diversification offered by a portfolio of debt instruments issued in EUR or hedged into EUR. This strategy provides exposure to a hard currency emerging market portfolio with a 2025 finite horizon. It takes a buy and hold approach across corporate, sovereign and quasi-sovereign debt, accessing some of the best opportunities with the highest risk/reward potential across emerging markets globally. The new strategy will be managed by Daniel Moreno (Head of Emerging Markets Fixed Income) and Puneet Singh (Senior Fixed Income Portfolio Manager). Daniel and Puneet have extensive experience in emerging markets fixed income investing and currently manage the Global Emerging Market Bond strategy, implementing dynamic decisions across sub asset classes and currencies, at different times in the economic cycle.
Daniel Moreno comments: “We are delighted to provide investors with another dynamic investment capability to meet their evolving needs and this time answering demand for a euro denominated solution. In an environment of historically low interest rates in Europe, emerging market debt offers a unique alternative for investors looking for stable positive income, decent rates of return and moderate levels of risk. By investing in a fixed maturity format, investors not only can capture all these opportunities, but can also reduce considerably the risks associated with the increasing lack of liquidity we are witnessing in the market place.”