Emerging Markets Local Debt

Mandate Profile:

  • Client Type: German Pension Fund
  • Initial Investment Volume: 180 m. EUR
  • Investment Universe: global emerging markets bonds in local currency (Sovereigns, Quasi-Sovereigns (SOEs), Supranationals)
  • Investment Restrictions: maximum total exposure of 10% in off-benchmark countries (where local custody accounts can be opened easily), local debt corporates not allowed, consideration of client-specific ESG-strategy (portfolio has to be in compliance with exclusion list of client)
  • Benchmark:e.g. JPM GBI-EM Global Diversified Index, Bloomberg Barclays EM Local Currency Government 10% Country Capped
  • Tracking Error: not restricted
  • Currency Hedging: unhedged
  • Derivatives: allowed
  • Investment Style: active, long-only
  • Investment Vehicle: segregated account (German “Spezialfonds”)

Deadline: Tuesday, January 12th, 2021 (COB)