Aberdeen wins emerging corporate bond mandate
Wednesday, December 19, 2012
Aberdeen Asset Management has been awarded an emerging markets corporate bond mandate by a large Danish administration company.
Danish fund PKA has awarded a US$200m emerging markets corporate bond mandate to Aberdeen Asset Management.
PKA is an administration company for five occupational pension funds and its total assets under management is US$34.5bn.
Brett Diment, Aberdeen's head of emerging markets bond and sovereign debt, said: "Emerging market corporate bonds have come into their own as a stand-alone asset class. Furthermore the fundamental case for developing economies remains compelling.
"They are healthier and less leveraged than developed countries, as are the companies in them. Valuations, especially considering how strong emerging economies have been, are still attractive, with good opportunities in both investment grade and high yield."
First published 14.12.2012
monique_simpson@wilmington.co.uk
