Kames Capital has launched an emerging market bond fund as part of its current fixed income range.
The Kames Emerging Market Bond fund, which will be managed by Scott Fleming helped by Alex Pelteshki, will invest in investment grade debt of emerging market sovereigns and corporates.
The new fund will target the performance of the JP Morgan Emerging Market Bond Index Global Diversified Investment Grade and will have annual charges of 0.65 per cent.
Kames Capital has recently increased its emerging markets equities and bond exposure across the asset manager.
Kames’ head of fixed income David Roberts says: “Dislocation in emerging markets continues as investors seek clarity of US interest rate policy.
“Currently all the headlines on emerging markets inevitably focus on the negative stories about a crisis or defaults as cash flows out of the asset class. Looking beneath those headlines, there is a growing universe of solid investment grade emerging markets issuers which are overlooked. Our fund intends to exploit those opportunities.”
Kames Capital managed £56.1bn of assets as of June 2015.