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

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

8 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 13 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 11 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 14 hours ago