Investec launches Emerging Market Currency Fund

Investec Asset Management announced the launch of two further funds to its range of investment strategies. Run by Investec Asset Management's Emerging Markets Debt team headed by Peter Eerdmans, the two Luxembourg domiciled Funds will have the Firm's proprietary investment process at its core.


Peter Eerdmans, Head of Emerging Markets Debt, commented, "Emerging markets debt continues to offer exciting investment opportunities from a wide range of areas. The Investec GSF Emerging Markets Local Currency Dynamic Debt fund will exploit opportunities across the more liquid local currency debt markets, while the new Investec GSF Emerging Markets Currency Fund aims to benefit from long-term emerging market currency appreciation."

The Investec GSF Emerging Markets Local Currency Dynamic Debt Fund is managed by Peter Eerdmans and the Investec Emerging Markets Debt team. The Fund aims to offer clients exposure to emerging markets debt in a universe of 23 of the more liquid emerging markets. The Fund will seek to make full use of its ability to take both long and short positions to seek returns exploiting the large disparity of returns amongst countries within the universe. Offering investors access to local emerging markets debt offers potential returns from both bonds and currency convergence.

The Investec GSF Emerging Markets Currency Fund, managed by Werner Gey van Pittius and Peter Eerdmans, aims to provide investors with exposure to a basket of actively managed emerging market currencies. The Fund is able to invest in a universe of 36 emerging markets currencies and returns are expected to be largely independent of equity and bond market movements. The Fund sits alongside Investec's successful emerging markets debt funds and builds upon the company's track-record in currency management. The Fund should benefit from the expected superior performance of emerging market currencies relative to those of developed markets, and may be attractive to those investors looking to limit their interest rate risk in a likely environment of rising rates.