mast image

Special Report

Impact investing


Deutsche focuses on emerging markets

Deutsche Bank said it has launched a new emerging market bond index. The index will track the performance of benchmark emerging market government eurobonds from a European perspective, the bank says.
The new index is called the Emerging Markets Liquid Eurobond Euro Index or EMLE index. Its creators claim it is the only investable, globally diversified and currency hedged index that tracked emerging market eurobonds. They say the index has better geographical diversification that is not Latin America based, than existing peers. It also has a high correlation to other emerging markets indices such as the JP Morgan EMBI+, but a low correlation to government bonds.
EMLE’s weighting methodology takes into account not just the market capitalisation of bonds but many qualitative criteria too. These criteria include credit rating, liquidity and macroeconomic factors of the issuing countries.
The index consists of 21 bonds with a target maturity of nine years and current duration of 5.16 years. The average credit rating of the paper is just under Ba2/BB.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

Begin Your Search Here