J Stern & Co has announced plans to launch the Emerging Market Debt Stars fund, which aims to provide investors with a 5-6% return through emerging market company bonds.
The new offering will invest in corporate bonds only and will eliminate currency-exchange and local liquidity risks via hard currency bonds, mostly in US dollars. Based on the group's already established emerging market debt strategy, the Stars fund will follow an unconstrained approach, with a focused portfolio consisting of 30 to 50 quality issuers. Investee companies will have strong competitive positions, operating in growing industries, with predictable cash flows, the financial strength to weather adversity, access to multiple sources of capital and strong management teams. T...
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