Ignis Asset Management has registered the Ignis Absolute Return Emerging Market Debt Fund for sale in Spain. The fund, which was launched in Luxembourg in November 2013 is now €75.6 million in size, and is based on the same strategy that has been run in for a UK institutional client for two years, since January 2012.
The Absolute Return Emerging Market Debt Fund is managed by Dan Beharall, Head of Emerging Markets Fixed Income, who joined Ignis in December 2010 having previously worked for Henderson Global Investors. Dan is supported by Sailesh Lad, Deputy Portfolio Manager, and Mikhail Volodchenko, Market Analyst.
The fund aims to deliver a positive total return in excess of cash on a rolling twelve month basis, independent of bond market conditions, by taking long or short net exposures to emerging market fixed interest securities and to foreign exchange and financial derivative instruments. The fund will appeal to investors who are seeking an absolute return from exposure to emerging market bonds through a proven, low volatility investment strategy.