The investment manager said the Emerging Market Debt Blend Fund will give investors direct exposure to underlying securities to give a more dynamic and alpha-driven solution than the traditional fund of fund approach.
It added that a US fund using a similar strategy had been launched in September, "with success".
The new product will operate as a sub-fund of its Irish-domiciled UCITS fund umbrella, Neuberger Berman Investment Funds.
The fund follows the release of the Neuberger Berman Short Duration Emerging Market Debt Fund and the Neuberger Berman Market Debt Hard Currency, Local Currency and Corporate Debt Funds, which were introduced to the firm’s UCITS fund range last year.
It will be led by Rob Drijkoningen and Gorky Urquieta, co-heads of Neuberer Berman’s emerging market debt team.
Dik van Lomwel, head of EMEA and Latin America, said: “Many investors prefer to delegate the asset allocation decision within EMD, and our investment team have the proven skills as well as the track record in this regard.”
Following the introduction of the new fund, Neuberger Berman’s UCITS fund platform now consists of 21 funds across the global asset class spectrum with over $18bn (€13bn, £11bn) in assets under management.
Earlier this month, the group made 11 of its funds available to the retail market in Hong Kong and a further three available in Singapore.
Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager managing equities, fixed income, private equity and hedge fund portfolios. It has offices in 16 counties with $242bn in assets under management and employs approximately 2,000 people.
