Brookvine partners with Chilean manager

partnership/brookvine/fixed-income/

24 June 2019
| By Oksana Patron |
image
image
expand image

Brookvine has announced its partnership with Chile-based asset manager specialising in Latin America, Moneda Asset Management, under which it will bring a high yield investment opportunity to Australian investors.

The Moneda Latin American Corporate Debt Fund is a high yield bond fund in US dollar-denominated corporate credit of companies across Latin America. The strategy has a 19-year track record and returned 12.5 per cent per annum since its inception in February, 2000.

According to Brookvine’s chief executive, Steven Hall, Latin America was a region that represented a thriving cluster of economies where most countries were still in expansion phase while total middle-class income across the region was higher than in China.

“For investors seeking to enhance returns, the Moneda Latin American Corporate Debt Fund has delivered significantly higher returns than emerging market equities with lower volatility over the period since the strategy’s inception,” he said.

“At a time when high yielding assets are hard to find, LatAm high yield is a unique way to unlock from an overlooked asset class.”

Moneda’s senior partner and head of fixed income LatAm investments, Fernando Tisné, added that the LatAm universe offered higher yields, had lower leverage and higher corporate cash levels than the US, with default rates in line with developed markets.

The fund would be distributed to institutional investors in Australia and New Zealand through Brookvine.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS