Russell launches emerging market debt fund

Asian currenciesRussell Investments has launched its Emerging Market Debt Local Currency Fund with a two-manager structure.

Stone Harbor Investment Partners and Pictet Asset Management will manage the Dublin-based fund.

Russel says the two managers have initially been selected for their strong expertise in the area and their complementary styles.

A statement says that the new fund gives investors access to local currency emerging market debt and a market that offers not only higher yields than developed markets but also the potential for currency appreciation.

©2012 funds europe