Fund Management

Barings Unveils Emerging Market Corporate Debt Fund

Max Skjönsberg London 22 June 2012

Barings Unveils Emerging Market Corporate Debt Fund

Baring Asset Management, the global investment boutique, is looking to add an emerging market corporate debt fund to its range of investment vehicles.  

The Baring Emerging Markets Corporate Debt Fund will invest at least 70 per cent of its assets across a range of emerging market instruments of both investment grade and sub-investment grade.

It will be run by Faisal Ali, who joined Barings in August last year and has worked in fixed income investment across Asia and emerging markets for nearly a decade.

"[Emerging market corporate] has shown impressive growth over the past decade and today can rightly be considered as an asset class within its own right. The rise in issuance over the last two years, as many local corporates take advantage of the current climate of low yields and a relatively weak US dollar, has not gone unnoticed by foreign investors," Ali said.

"As the economies of emerging markets continue to develop and mature, supported by favourable demographic and secular trends, high productivity rates and comparatively superior growth rates, we think the local corporate bond market should continue to expand to help finance and fund a growing consumer base."

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