This Day On The Street
Continue to site
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

Emerging Markets Debt Fund Launched By Northern Trust

To offer investors exposure to the full spectrum of emerging markets debt with the potential for higher yields, diversification and an attractive risk-return profile, Northern Trust has launched the Northern Multi-Manager Emerging Markets Debt Opportunity Fund (NMEDX).

“The emerging markets debt asset class has evolved over the past few decades, driven by improving fundamentals, structural changes and increased investor interest,” said Chris Vella, Chief Investment Officer for Multi-Manager Solutions at Northern Trust. “Our fund intends to capture diverse sources of return from emerging markets debt, including local and external currencies, and sovereign, quasi-sovereign and corporate issuers. This style provides investment managers with the broadest opportunity set to invest in and allows for expanded alpha 1 potential in their sector and security allocation decisions.”

Launched on December 3, 2013, the Northern Multi-Manager Emerging Markets Debt Opportunity Fund invests at least 80 percent of net assets in fixed income securities that provide exposure to a blend of local and hard currency emerging or frontier market issuers. The Fund can also opportunistically invest in emerging market corporate bonds.

The Fund's total net operating expense ratio is .93 percent 2 and the minimum investment is $100,000. The Fund takes a multi-manager approach, with assets allocated to multiple outside sub-advisers using distinctive investment styles. Northern Trust will conduct manager research, selection, optimization and oversight. Current investment sub-advisers to the fund are:
  • BlueBay Asset Management LLP – Fundamental, bottom-up country analysis and selection focus. Relative value analysis then determines trade-offs between potential investments and risk management.
  • Lazard Asset Management LLC – Top down approach that begins with an assessment of the global macro environment followed, by bottom-up analysis of individual countries.

Northern Trust is a pioneer in multi-manager solutions, having launched our first multi-manager program in 1979. As of September 30, 2013, Northern Trust managed approximately $37.8 billion assets in multi-manager programs, in addition to assets under advisement of $43.8 billion for institutional and personal clients. Northern Trust invests with more than 200 external managers worldwide, offering personal and institutional solutions that include retail mutual funds, alternative asset classes, emerging manager programs and total investment program management.

1 of 2

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs