|
From Komfie Manalo, Opalesque Asia:
Moneda Asset Management, the $3.3bn Santiago, Chile-based asset manager has launched its fourth Lat-Am specific investment strategy. The Moneda Latinoamerica Deuda Local would primarily invest in corporate bonds of Latin American companies denominated in local currencies, the company said in a statement.
By launching this strategy, Moneda becomes the first asset manager to offer a dedicated fund investing in Lat-Am corporates denominated in local currencies and provides a good instrument to access a market segment in Lat-Am currently overlooked by international institutional investors. Moneda claims to have solid fundamentals to foresee developments in the region.
The fund will also enable investors access to a market currently exhibiting high level of interest rates in absolute returns, attractive credit spreads, and exposure to the Lat-Am local currencies basket.
Pablo Echeverria, Monedai’s founding partner and chairman, commented about the new fund: “We are excited about launching this new strategy, through which we reaffirm our long term commitment to continue innovating in the structuring of new products and reinforcing our leadership as a world class asset manager in Latin America.”
In May, Moneda launched the Moneda Small Cap Latinoamérica, after raising $63m for the fund, which exceeded...................... To view our full article Click here
|
RSS
