MainFirst Asset Management has launched a second bond fund aimed at emerging market corporates, Citywire Global has learned.
The fund, which is Luxembourg-domiciled, is called the MainFirst Emerging Markets Credit Opportunities fund and invests primarily in high yield bonds from the corporate sector.
The fund is classified as being a hard currency strategy and at the forefront of its investment targets are the emerging market high yield sector, as well as frontier market debt.
This marks the launch of MainFirst’s second fixed income fund, as well as it being the second to focus on developing world corporate debt.
It is understood this management team will also be responsible for the new emerging market credit fund.
The fund has a base currency of US dollars and is benchmarked against the JP Morgan CEMBI High Yield.