The fund, which is Ucits compliant, gives exposure to the expanding emerging markets corporate bonds asset class.
It seeks to outperform the JP Morgan CEMBI Broad Diversified index by 2% per annum over a 3-5 year period (gross of fees).
Since its soft launch in November 2012, the fund has attracted over $600m in assets under management.
The Pictet-Emerging Corporate Bonds Fund is managed by Alain-Nsiona Defise, who joined Pictet Asset Management last year from JP Morgan, where he was in charge of managing the emerging corporate business. He is in charge of a team of four 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,” said Defise.
“When you compare emerging markets companies with those from developed nations, you tend to find lower leverage and higher yields. With nearly 70% investment grade bonds and with default and recovery rates comparable to other asset classes, emerging markets corporate bonds are safer than investors might think."
