Loomis, Sayles & Company has launched the Loomis Sayles Emerging Markets Opportunities Fund, an unconstrained emerging markets bond mutual fund which invest in developing markets around the world.
The fund will be co-managed by Peter Marber, David Rolley, Edgardo Sternberg, and Peter Frick.
This new fund provides the portfolio managers with the flexibility to invest in opportunities across various developing markets in Asia, Latin America, Africa, Central Europe, and the Middle East – some of the fastest growing in the world. The fund’s co-managers can select from sovereign and corporate securities denominated in both local and hard currency. The fund’s co-managers will draw upon Loomis Sayles’ global research capabilities, including macroeconomic analysis, global credit and sovereign research, and quantitative analysis and risk management.
“In our ongoing effort to provide clients well rounded investment solutions, we’re pleased to launch our first US mutual fund focused on emerging economies. This fund will offer investors a unique opportunity to invest across all three asset classes; hard currency sovereigns, local currency sovereigns and emerging market corporate debt,” says Jae Park, chief investment officer. “We believe this approach may give investors exposure to yield curves and asset prices that typically do not move in tandem with developed markets, including the US.”
As of 31 December 2013 Loomis Sayles manages approximately USD12bn in emerging markets assets across the company.
“Few investors realise that emerging market countries represent approximately 20 per cent of the world’s financial assets, and these markets have been broadening and deepening rapidly over the last decade. We believe our new fund offers diversification and return opportunities that complement traditional US-dollar bond portfolios, as well as a potential hedge against inflation,” says Marber.