Investec launches offshore debt fund

The asset manager designed the Guernsey-domiciled fund as a mirror fund to the existing OEIC Emerging Market Debt fund, launched in July 2006. Both funds’ investment targets include Brazil, Chile, Mexico, Indonesia, Egypt, Nigeria and Russia. They can take exposure to areas such as dollar-denominated debt, corporate bonds, futures, swaps and options, although they primarily invest in local-currency government bonds and currency forwards. Peter Eerdmans, fund manager, says: “The implementation of responsible fiscal and monetary policies in emerging economies in recent years has helped t...