Neuberger Berman launches EM debt fund

Fund manager Neuberger Berman has launched an emerging market debt blend fund in Europe, following the success of its US-regulation version of this strategy.

The fund will invest directly in underlying securities, rather than taking a fund of funds approach, and it will be managed by Rob Drijkoningen and Gorky Urquieta, co-head of the EM debt team. Drijkoningen said: “The emerging markets debt blend fund offer investors an integrated portfolio of our best ideas, and has the potential to improve the risk-return profile of our client’s portfolios.” Dik van Lomwel, head of EMEA and LatAm at Neuberger Berman, said “Many investors prefer to delegate the asset allocation decision within EMD, and our investment team has the proven skills as well as the track record in this regard.”

The fund is on Neuberger Berman’s UCITS fund platform which consists of 21 funds with $18 billion in assets under management.