Aberdeen Asset Management has launched the Aberdeen Emerging Markets Debt Fund in response to continued growing investor interest in the emerging market debt asset class.
The Aberdeen Emerging Markets Debt Fund invests across the emerging markets debt universe, including hard and local currency sovereign bonds and corporates.
In contrast, the Aberdeen Emerging Markets Debt Local Currency Fund, which was launched in May 2011, invests primarily in fixed income securities that are denominated in the currency of emerging market countries.
Both funds are managed by Aberdeen’s emerging market and sovereign debt team, led by Brett Diment.
Diment says: "With developed market interest rates hovering near zero, it has become necessary to look for sources of income in other regions. By investing in emerging market bonds, we believe that we can get better credit quality than in developed bond markets and in many cases a higher yield."
Gary Marshall, Aberdeen’s chief executive, says: "In today’s uncertain economic climate, investors are increasingly turning to emerging market debt securities in an effort to diversify their fixed income portfolios. As emerging market economies expand, governments and companies based in those economies are looking to domestic and international capital markets to finance growth. In our opinion, this buoyant market segment presents opportunities for investors to benefit from improving companies and countries. We are pleased to provide US investors with a fund that complements Aberdeen’s existing range of emerging market debt capabilities, investing across the emerging markets debt universe."