The London-based corporate credit specialist Muzinich & Co has launched an emerging market short duration corporate bond fund.
The London-based corporate credit specialist Muzinich
Co has launched an emerging market short duration corporate bond fund.
The Ireland-domiciled UCITS fund will invest in a
diversified portfolio of short duration investment grade and high yield
corporate bonds from emerging markets-focused issuers. The fund will focus on
hard currency bonds and is managed by Warren Hyland and Christina Bastin.
“The potential returns from emerging markets are very
said George Muzinich, chief executive and founder of Muzinich & Co.
“But due to the divergence of returns between countries and
issuers, high quality active management is typically required to add real
alpha. By focusing on shorter-term debt, we believe we are better able to
control volatility, which can be higher in emerging markets than in more
established ones,” added Muzinich.
The firm also said that the fund will be maintained for an
expected duration of no longer than two and half years.
Muzinich & Co. is a global institutional asset
management firm with offices in New York, London, Cologne and Paris. As of 30 September
2013, the firm manages over $25 billion in assets.