Principal Global Investors has launched an emerging market debt fund for investors across UK, Europe, Middle East and Asia.
The Finisterre Unconstrained Emerging Markets Fixed Income fund is managed by boutique emerging market debt specialist Finisterre Capital, which is majority-owned by Principal Global Investors.
Structured as a Dublin-domiciled Ucits fund, the unconstrained mandate will offer daily liquidity and target superior risk-adjusted returns by investing in emerging market fixed income. Chief investment officer Damien Buchet and portfolio manager Christopher Watson will run the fund.
Buchet says: “We believe our new fund offers the opportunity for attractive returns with a managed risk profile. A wider range of investors is now able to access this strategy, which had previously only been available through institutional mandates.
“The unconstrained framework means the fund has the freedom to invest where our convictions are strongest. This allows us to differentiate ourselves from benchmarked funds by effectively managing the beta across the portfolio and making strategic and opportunistic decisions on income generation and alpha.”