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EG Capital launches USD75m emerging markets corporate yield UCITS

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EG Capital Advisors, a London-based investment firm with a strong pedigree in emerging markets credit, has launched its Emerging Markets Corporate High Yield UCITS.

The UCITS is a sub-fund of EG Capital Advisors Irish Collective Asset-management Vehicle (ICAV) which is registered with the Bank of Ireland. It will provide investors with access to the EG Capital Advisors Emerging Markets Corporate High Yield strategy, which invests in US Dollar-denominated emerging markets high yield corporate bonds, a USD800 billion market which is growing at a compounded rate of 15 per cent per year. The Fund has been structured to appeal to professional investors who are seeking to access this rapidly growing market.
 
Chief Investment Officer, Fixed Income Dimitry Griko (pictured), says: “We believe that Emerging Markets High Yield is gaining the recognition it deserves among serious investors, and is increasingly accepted as an important element of a balanced investment portfolio. Our approach recognises the potentially risky concentrations to certain countries and industries inherent in broader indices. We focus on detailed, bottom-up credit research, and have a prudent approach to issuer, industry and country concentration. The EG Emerging Markets Corporate High Yield Fund will give investors the confidence to access the good, risk-adjusted returns available in this market, sustainably and at an acceptable level of volatility.”
 
Michael Kasumov, Chief Executive Officer, adds: “Our strategy is unusual in taking a bottom up approach to uncovering value and portfolio construction. From its beginnings, it has delivered consistently strong risk – adjusted returns to investors. With the launch of our USD75 million Emerging Markets High Yield UCITS, we can offer a broader global investor base the ability to invest in this strategy.”
 
The EG Capital Advisors Emerging Markets High Yield Strategy was originally established in 2009 and has been operated as a separately constituted fund since 2014. With some USD500m currently invested in the Strategy globally, investors in the UCITS will be able to draw on the expertise of a stable research team and a proven investment process. Dmitry Griko is supported by a head of fixed income research and five credit research analysts. Dimitry has more than 16 years’ experience in asset management and credit analysis having worked previously at Everest Asset Management, Sanno Asset Management and Deutsche Bank New York.
 
The fund is also able to draw on the unique insight of Simeon Djankov, who sits on the Advisory Board of EG Capital Advisors. Djankov served as Deputy Prime Minister and Minister of Finance of Bulgaria, and former Chairman of the European Bank for Reconstruction and Development. He is currently a Visiting Professor at the London School of Economics and Executive Director of the LSE’s Financial Markets Group.
 

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