PineBridge launches Global EM Corporate Bond fund

Steve Cook, managing director, will run the fund using a top-down investment process which looks to exploit market inefficiencies across Europe, Latin America, Asia, the Middle East and Africa. The Ucits III fund is benchmarked against the J.P. Morgan CEMBI Broad Diversified index. The group has seeded the fund with $25m at launch. “With corporate bonds now constituting the majority of outstanding emerging markets external debt, it is important to conduct thorough research and understand the local markets,” says Cook. The launch continues the firm's expansion of its emerging marke...