Standard Life launches second emerging market debt fund

Kieran Curtis
Kieran Curtis

Standard Life Investments is to launch a second global emerging markets debt fund as part of a selection funds of planned for the emerging market debt team managed by Kieran Curtis.

Curtis joined SLI as investment director for the emerging market debt team from Aviva Investors earlier this year and has 11 years fixed income investment experience.

The new local currency global emerging markets debt fund will complement the EMD Oeic launched by Standard Life in October last year.

Curtis works alongside a team of 26 on the Standard Life global fixed income team, which currently manage around £72bn including a range of global government and corporate bond strategies across the credit spectrum.

Standard Life head of multi-asset investing and fixed income Euan Munro says: “The prospects of emerging markets differ from those of developed markets and economic growth expectations are generally more favourable.

“Fiscal deficits are significantly lower than in the developed world, and with high growth rates, the debt to GDP ratios are typically low or falling.

Munro explains emerging market economies are “relatively cheap, presenting investors with opportunities for capital appreciation”.

He adds: “The active currency exposure within the new fund provides an opportunity to further enhance returns, and the improving credit ratings of EM countries has led to greater liquidity and less volatility.

It will be available to investors in the UK, Switzerland, the Netherlands and Luxembourg and will be registered in other European countries in due course.