New Products
What’s New In Investments, Funds? – Sienna IM, Ashmore
The latest news in investment offers, financial products and other services relevant to wealth advisors and their clients.
Sienna Investment Managers
Sienna
Investment Managers this week created
Sienna Biodiversity Private Credit Fund, a private debt
impact fund focused on the preservation and restoration of
biodiversity in Europe. With a target of €200 million ($210
million), the fund is endowed with €100 million thanks to
the Malakoff Humanis Group, the firm said in a
statement.
Classified as Article 9 under the EU’s Sustainable Financial Disclosure Regulation (SFDR), Sienna Biodiversity Private Credit Fund aims to support European companies and projects that contribute to the preservation and restoration of biodiversity, in particular through impact clauses. It addresses three of the five pressures that directly affect biodiversity, defined at the global level by IPBES, namely the transformation of land and seas, pollution, and the exploitation of organisms, and is also part of the Kunming-Montreal Global Biodiversity Framework.
Ashmore Group
London-headquartered Ashmore Group, a
specialist emerging markets asset manager that manages $51.8
billion, this week launched its SICAV Emerging Markets Frontier
Blended Debt Fund.
The fund, which is a sub-fund of the Luxembourg-domiciled Ashmore SICAV UCITS Fund, aims to maximise total returns by investing in transferable debt securities issued primarily by sovereign issuers within frontier emerging markets. The fund will invest in hard currency, local currency debt and foreign exchange instruments, the firm said in a statement.
“Lower foreign investor participation in EM Frontier debt markets has led to an increase in borrowing costs across many of these markets, and this fund provides investors with access to the high-yield opportunities that we are seeing as a result,” Alexis de Mones, portfolio manager at Ashmore Group, said. “The hard and local currency frontier markets offer very distinct returns profiles over different parts of the cycle, and this will provide us with opportunities to manage the fund actively and reduce the level of volatility,” he added.
