GML reaps rewards of low volatility

Most offshore emerging market debt funds have been structured according to their volatility level and risk profile. As expected, funds with high volatility over the past three years have had a high-risk profile, while low volatility funds have generally had a lower risk profile. The Growth Management Limited (GML) fund is an exception. It has low volatility over a three-year period and yet has achieved a high return of 87.56%. Juan Costain, spokesperson for the Growth Management Limited fund, said the portfolio has achieved a low beta over the past three years due to its investment ph...