Morley launches EM bond fund

Morley Fund Management has launched an emerging market bond fund targeting European and UK institutional and retail investors. Manager of the fund, Kieran Curtis, believes that local markets offer high real returns in contrast to lower yields from dollar- and euro-denominated debt. "Demand for local currency bonds is strong and growing. This is fast becoming a new global asset class," he says.

The bond fund aims to provide investors with access to fixed-income duration with high potential returns

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