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Standard Life Investments to launch EM debt fund

Standard Life Investments is launching an emerging market debt fund after it hired former Threadneedle head of emerging market debt Richard House.

House joined SLI in April as head of emerging market debt alongside his two colleagues Mark Baker and Nicolas Jaquier, who joined as investment directors for global emerging market bonds.

The firm does not currently have a specific retail mandate covering emerging market debt. House and his team run internal money in the space and their ideas feed into the fixed income elements of other funds, like the Myfolio range.

Standard Life Investments head of UK wholesale Jacqueline Lowe says: “We are still in the research and development phase for developing a product. In the fullness of time, we will come to market with an emerging market debt fund.

“We are working out exactly what type of product it will be and what the fund specification will be.”

Interest in emerging market debt funds has grown, with groups taking on specialist teams to launch offerings in the space.

Lowe says: “Emerging market debt is a great diversifier. Retail investors will want access to emerging market debt in a managed portfolio.”

Highclere Financial Services partner Alan Lakey says: “I look carefully for global bonds, including emerging market debt. Threadneedle has got most products right in recent years so this seems like a good move for Standard Life.”

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