Mellon Global adds emerging debt sub-fund

Professional Adviser
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Mellon Global Investments has added a local currency emerging markets debt offering to its Dublin-do...

Mellon Global Investments has added a local currency emerging markets debt offering to its Dublin-domiciled global fund range. The Mellon Emerging Markets Debt Local Currency fund, run by the group's specialist fixed income arm Standish Mellon Asset Management, invests in bonds and other debt instruments issued by emerging market sovereigns and corporations. Alan Mearns, head of global marketing and deputy chiefexecutive at Mellon Global Investments, said: "As dollar-denominated emerging market debt has become established as an asset class, so local currency debt has seen a parallel deve...

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