This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Van Eck Unconstrained Emerging Markets Bond Fund Passes $100 Million AUM Mark In Six Months

Assets under management in Van Eck’s recently introduced Unconstrained Emerging Markets Bond Fund (Advisor – EMBAX; Institutional - EMBUX) reached $100 million just six months after launch and now stand at $130 million.

The Fund, an actively managed, unconstrained emerging market bond mutual fund, is among the first funds mandated to invest in both local currency and hard currency denominated bonds, as well as government, quasi-government and corporate fixed income instruments.

The Fund is overseen by a dedicated team of emerging market bond specialists with a combined 50 years of experience. Lead portfolio manager Eric Fine has more than 20 years of experience analyzing and investing in emerging markets globally.

“We’re extremely pleased with investor response to our Fund,” said Fine, who has hands-on experience advising numerous governments on their economic policies and debt profiles. “The flexibility that we’ve built into the Fund’s mandate allows us to pursue the many opportunities around the globe that we now see.”

“Emerging market debt issuers are currently benefitting from improving economic fundamentals, including lower deficits, higher economic growth rates and more independent central banks,” continued Fine. “Local currency debt has been, and remains, our top focus as developed currencies struggle under weak balance sheets and poor economic policy.”

Across a universe of over 50 countries, Fine and his team seek out opportunities where bonds and/or currency valuations appear attractive relative to underlying economic and financial fundamentals – thus focusing in on divergences between fundamentals and asset prices. Since inception on July 9, 2012, through January 31, 2013, this process has led to a total return of 14.32% (Class A shares; excluding sales charge), well in excess of the 7.69% return of the J.P. Morgan Government Bond - Emerging Markets Global Diversified Index (GBI-EM) for the same time period. As of January 31, 2013, the Fund allocated to 11 countries, with Nigeria, Mexico, Russia, Indonesia and Uruguay as the top five country exposures, respectively.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs