The M&G (Lux) Emerging Markets Hard Currency Fund will be co-managed by EMD specialists Claudia Calich and Charles de Quinsonas, who already co-manage the M&G Emerging Markets Bond Fund.
For this new fund, the pair will combine high-conviction macro calls with fundamental credit analysis. At least 80% of the portfolio will invest in emerging market bonds issued by governments or quasi-sovereigns agencies denominated in hard currency.
The M&G (Lux) Emerging Markets Income Opportunities Fund will be managed by Emerging Markets Equity specialist Michael Bourke alongside de Quinsonas, who will act as deputy fund manager. The duo will target an income of 4-6% per year by investing in emerging market equities and corporate debt.
The fund managers’ stock-picking strategy will favour dividend-paying stocks with a focus on potential long-term total return. Corporate bonds will be selected through fundamental analysis, assessing corporates’ business and financial risk and incorporating views on sovereign risk.
It is the second new fund in short succession for Bourke to take on, who joined M&G in March 2015 as an analyst and was appointed lead fund manager of the M&G Emerging Markets Income Opportunities Fund upon its launch in May 2017.
