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By Luigi Serenelli2021-06-02T15:02:00+01:00
Legal & General Investment Management (LGIM) has set up an emerging market debt absolute return bond fund for institutional and semi-institutional investors in the German-speaking DACH region in partnership with Universal Investment.
The fund, a Luxembourg SICAV, is initially registered for distribution in Germany, to then be registered in Austria and Switzerland, too.
“This is the first step of our strategic partnership [with Universal Investment] and is part of our growth plans in the DACH region and wider Europe,” Volker Kurr, head of Europe, institutional at LGIM told IPE.
He said the emerging market debt fund has “already received strong interest from institutional investors in Germany”.
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