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Pictet expands range of emerging market bonds funds


Pictet Asset Management has broadened its range of emerging market bonds funds with the launch of the Pictet-Emerging Corporate Bonds fund.

The fund offers exposure to the rapidly expanding emerging markets corporate bonds asset class.

It seeks to outperform the JP Morgan CEMBI Broad Diversified by two per cent per annum over a three to five year period (gross of fees).

Since launch in November 2012, the fund has already attracted over USD600m in investments.

The fund is managed by Alain-Nsiona Defise (pictured), who joined Pictet Asset Management last year from JP Morgan, where he was in charge of managing the emerging corporate business. Defise is supported by a team of four dedicated emerging corporate bonds credit analysts.

”Emerging markets corporate bonds offer investors a different way to benefit from attractive yields and strong fundamentals from companies based in emerging markets,” says Defise. “When you compare emerging markets companies with those from developed nations, you tend to find lower leverage and higher yields. With nearly 70 per cent investment grade bonds and with default and recovery rates comparable to other asset classes, emerging markets corporate bonds are safer than investors might think.”

The fund will be structured as a compartment of the Pictet Luxembourg Sicav and is Ucits compliant.

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