The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Vontobel
Vontobel has just
launched a three-year fixed maturity emerging market bond
fund, which offers investors an opportunity to capitalise on
higher yields through a three-year segment of emerging market
bonds in hard currencies.
The Vontobel Fund II – Fixed Maturity Emerging Markets Bond
2 – aims to offer a higher spread, yield and coupon relative
to comparable bonds in developed markets, the firm said in a
statement. The fund invests mainly in emerging market bonds in
hard currencies. The fund aims for an average investment-grade
rating and a target yield to maturity of 7 per cent, depending on
market evolution. The seeding period for the fund began on 2
April and will last until 14 May 2024.
The fund focuses on optimising the level of spread in
short-maturity emerging market bonds.
“Choosing a three-year maturity aligns with current market
conditions, which are favourable for emerging market bonds. With
an expected downward trend in US interest rates, investors have
the opportunity for an attractive risk-return ratio over a fixed
time horizon, locking in higher yields,” Sergey Goncharov,
portfolio manager, said.
The fund is registered for distribution in Austria, France,
Germany, Italy, Liechtenstein, Luxembourg, Spain, Switzerland,
and the UK.
