Pictet reveals short-term EM debt fund

indiaPictet Asset Management has launched a fund investing mainly in short-term corporate debt in emerging markets that will have a maximum duration of three years.

The Pictet-Short Term Emerging Corporate Bonds fund is a Luxembourg-domiciled Ucits fund and will be managed by Alain-Nsiona Defise, head of emerging corporate debt.

“This new fund aims to offer investors stable income generation and lower volatility compared to longer term emerging market corporate debt,” says Defise.

Defise is supported by a team of seven investment professionals. The firm says the fund will be registered in other European countries besides Luxembourg over the course of the year.

Pictet says the fund aims to offer an attractive yield and some defence against the impact of rising interest rates.

©2014 funds europe