BNY Mellon to open emerging debt fund to UK investors

BNY Mellon will open its Emerging Markets Debt Local Currency fund to British investors from next month.

The $3.84 billion (£2.4 billion) Dublin-domiciled fund, managed by Alexander Kozhermiakin, has targeted bonds and other debt instruments in emerging markets since its launch in 2006. The fund has a target availability date for British investors of February 8.

As previously reported by Fund Strategy, the plan is to bring Brazilian, Emerging Market Debt and Global Real Estate funds to British investors. (article continues below)

Simon Surtees, a fixed income support specialist for Standish, has dismissed claims the bond market is a bubble and claims emerging market debt represents an alpha opportunity.