Muzinich extends EMD fund range

New fund managed by Warren Hyland

Corporate credit specialist Muzinich & Co has unveiled its Emerging Market Debt fund for investors aiming to tap into capital growth opportunities in EM credit.

Domiciled in Ireland, the new OEIC complements the existing Muzinich Emerging Market Short Duration fund by giving investors access to the higher return potential available from regular duration emerging market credit. The new fund, which will invest in hard currency denominated debt, is managed by Warren Hyland and team. It will be benchmarked against the BofA Merrill Lynch Emerging Markets Corporate Liquid index, which the team aims to outperform  by 150 basis points over a market cycle. Hyland said the team is targeting returns of around 5% to 6% over the next 12 months "assumin...