The Fund invests in Emerging Markets high yield bonds using unique combination of actively managed carry-trade and directional strategies. Fund uses a benchmark agnostic but risk aware approach to select high yield bonds that have the potential to outperform the broader market over the medium term.
The fund managers deliberately avoid global rates risk and currency risk, instead concentrating on the credit component and carry. Fund uses consistently short duration aiming at delivering returns with lower volatility than traditionally associated with Emerging Markets.
From time to time, the Fund uses opportunities in less liquid markets and exploits inefficiencies in disrupted and fragmented markets.
Our investment strategy is described in the fund’s Offering Memorandum and Offering Supplement (available upon request from the Fund Administrator).