Principal Asset Management has launched the Finisterre Emerging Markets Debt High Income Fund offering investors access to an income-focused emerging markets debt strategy spanning sovereign, corporate and local currency bonds.
The fund, managed by Principal Finisterre, a boutique firm owned by Principal Asset Management, is seeded with $100 million. It is led by Damien Buchet, chief investment officer of Principal Finisterre, alongside senior portfolio manager Christopher Watson.
The fund is built on an internal framework assessing assets based on performance, liquidity and volatility characteristics. The strategy targets annualised volatility of 3-5% and typically maintains portfolio duration in the three-to-four-year…