Threadneedle launches EM debt fund

The UK-domiciled OEIC is managed by Richard House, a 15-year veteran in local emerging market debt. House says the emerging markets have experienced substantial improvements in social, political and economic fundamentals in recent years. “This trend has increasingly allowed emerging market governments to issue bonds in their own currencies leading to the development of domestic yield curves (often extending past 20 years),” he says. “At the same time, macroeconomic reform has resulted in the creation of a pension fund industry in many countries. “This, together with the ongoing sear...