ING Investment Management International has launched a Frontier Markets Debt Hard Currency fund, using the JP Morgan Next Generation Markets Index, or NEXGEM, as its benchmark.

ING Investment Management International has launched a Frontier Markets Debt Hard Currency fund, using the JP Morgan Next Generation Markets Index, or NEXGEM, as its benchmark.

The lead portfolio manager of the fund is Marco Ruijer, operating in ING IM’s emerging markets debt group.

Launching with an initial sum of $100 million, the new fund, says ING, “offers clients the opportunity to capture a significant yield advantage and gain exposure in countries experiencing faster economic growth. At the same time clients can improve diversification while investing in economies which may be less leveraged and pursuing opportunities available in less efficient capital markets”.