Global

ING's emerging markets hard currency debt team has increased its exposure to troubled former Soviet state Ukraine following the stand-off in Eastern Europe.

Aberdeen Asset Management has promoted Siddharth Dahiya to the newly created position of head of emerging market corporate debt following the departure of Esther Chan from the group.

Multi-asset managers have begun to add exposure to emerging market debt (EMD) after yields on dollar-denominated debt rose above those on junk bonds for the first time since 2005.

T Rowe Price's emerging market debt team has cut back on its Iraq government debt position, in anticipation of renewed political turmoil in the country.

ON EMS

First State has launched a local currency emerging market debt fund following the dramatic sell-off in the sector seen at the start of the year.

M&G has handed Mike Riddell's Emerging Markets Bond fund to former Invesco Perpetual manager Claudia Calich.

ING Investment Management has appointed two new senior portfolio managers to its emerging market debt team.