VAM Funds has launched the Luxembourg-domiciled VAM Asia Fixed Income fund to allow investors to exploit opportunities in the Asian fixed income market where yields on investment grade bonds are averaging 6% annually.
Managed by Hong Kong-based investment house, Enhanced Investment Products (EIP) on VAM's behalf, the fund will invest across Asia including Japan. The portfolio will hold 20-50 names from a universe of about 650 bonds. The current portfolio yields in excess of 6% net of costs. Dividends generated can be either paid out or accumulated in the investment. The Ucits III-compliant fund and sub-fund of VAM Funds (Lux Sicav), is available in US dollar, sterling and euro share classes for investors with a minimum investment of $10,000, £5,000 or €8,000. It has an annual management charge of...
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