The funds, two of which are brand new, will form part of the company’s Luxembourg domiciled Global Strategy Fund range and have been registered for sale to retail clients in 17 countries, including Singapore, Hong Kong, Luxembourg and Ireland.
The two new strategies are the Investec GSF Emerging Market Debt Total Return Fund and the Asia Local Currency Bond Fund. In addition, Investec has launched an international version of its existing UK-domiciled Global Diversified Growth Fund.
The Investec GSF Emerging Market Debt Total return Fund is a total-return, benchmark-agnostic fund managed by Antoon de Klerk and Andre Roux, backed by Investec Asset Management’s team of investment specialists led by co-heads Peter Eerdmans and Werner Gey van Pittius.
The strategy aims to provide exposure to a wide range of emerging market fixed income opportunities. It will focus on local EMD, but also make allocations to hard and corporate EMD at times. Investec said it will aim to offer a lower volatility than the typical universe, taking an investment approach which combines strong fundamental bottom-up analysis with top-down positioning.
Investec’s GSF Asia Local Currency Bond Fund meanwhile is managed by Wilfred Wee and Peter Eerdmans. The fund invests in a regionally diversified portfolio of Asia local currency sovereign and corporate bonds.
The fund house said the vehicle will aim to capture a “significant yield premium” over other developed market bonds, with a typically shorter interest rate duration risk. The firm added the managers will use an investment process specifically designed for local currency emerging market debt.
The last fund Investec is introducing to the international market is an offshore version of the existing Global Diversified Growth Fund (click here for existing fund factsheet).
The fund aims to provide investors with a return of US CPI +5% per annum, with half the volatility of equities over a rolling five year period. The managers will make allocations across a globally diverse range of asset classes grouped together into three baskets: growth, defensive and uncorrelated.
Investec said it is launching the fund following demand for a US-dollar centric version. As with the UK fund the offshore vehicle will be managed by Philip Saunders and Michael Spinks, co-heads of Investec Asset Management’s multi-asset team, backed by Investec’s expert in-house investment capabilities.