Threadneedle Asset Management has expanded its absolute return range with a new emerging market macro UCITS III fund.
The Threadneedle (Lux) Absolute Emerging Market Macro Fund is aimed at investors who want to tap into opportunities in emerging market debt and currencies and uses the UCITS III wrapper.
The fund aims to achieve a positive absolute return of 7.5 to 12.5% on an annualised basis on a long term investment horizon and will be independent of any benchmark limitation.
The portfolio will principally invest either directly in debt and currencies of emerging market countries including domestic, sovereign and quasi-sovereign debt, issued in local or foreign currencies. Or indirectly in such debt and currencies