Press Release
Neuberger Berman Launches UCITS Emerging Market Debt Blend Fund
Media Contacts:
Anji Stewart, +44 (0)20 3214 9013, Anji.Stewart@nb.com
London, April 23, 2014 – Neuberger Berman, one of the world’s leading employee-controlled investment managers, today announced the launch of its Emerging Market Debt Blend Fund (the ‘Fund’), a sub-fund of its Irish-domiciled UCITS fund umbrella, Neuberger Berman Investment Funds plc., following the success of the US regulated version of the same strategy, launched in September 2013.
The newly launched fund gives investors direct exposure to the underlying securities, allowing for a more dynamic and alpha-driven solution versus the traditional fund of fund approach.
The Fund follows the successful introduction to the firm’s UCITS fund range of the Neuberger Berman Emerging Market Debt Hard Currency, Local Currency and Corporate Debt Funds in July 2013 and the Neuberger Berman Short Duration Emerging Market Debt Fund in December 2013.
The lead managers of the Fund are Rob Drijkoningen and Gorky Urquieta, Co-Heads of Neuberger Berman’s EMD team. The managers head Neuberger Berman’s 24 person global multi-site Emerging Market Debt team. The team has managed EMD strategies for investors since 1994 and leverages insights from the firm’s broader Fixed Income group of 100+ investment professionals.
Rob Drijkoningen, Co-Head of EMD, stated “We believe that the breadth of our team gives us the expertise required to fully exploit alpha opportunities across this asset class. The Emerging Markets Debt Blend Fund offer investors an integrated portfolio of our best ideas and has the potential to improve the risk-return profile of our client’s portfolios.”
Dik van Lomwel, Head of EMEA and LatAm, said “Many investors prefer to delegate the asset allocation decision within EMD, and our investment team have the proven skills as well as the track record in this regard.”
With the introduction of the Emerging Market Debt Blend Fund, Neuberger Berman’s UCITS fund platform now consists of 21 funds ranging across the global asset class spectrum with over US$18 billion in assets under management.
About Neuberger Berman
Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 16 countries, Neuberger Berman’s team is approximately 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $242 billion in client assets as of December 31, 2013. For more information, please visit our website at www.nb.com.