It follows the launch of three emerging market debt Ucits funds by the firm earlier this year.
The Short Duration Emerging Market Debt Fund launched today with assets of $21m (£12.8m, €15.5m) and aims to take advantage of the yield offered by both EMD sovereign and corporate debt, while minimising the impact of market volatility by focusing on shorter dated bonds.
The fund claims to exclusively focus on hard currency bonds and avoid the use of synthetic investment exposure. It is open to IFAs, and the adviser share class (GBP A Accumulating) has £1000 minimum investment and 1% annual management charge.
The strategy is co-managed by lead portfolio managers Nish Popat, Jennifer Gorgoll and Bart Van der Made, who are part of Neuberger Berman’s global emerging market debt team.
Popat said in a statement: “Investors continue to seek returns in a rising rate environment and we believe the NB Short Duration Emerging Market Debt Fund offers access to an attractive part of the capital structure, while limiting the potential portfolio impacts of rising interest rates.”
