Moneda Latin American Corporate Debt Fund
Brookvine has partnered with Latin American fund manager Moneda Asset Management (Moneda) to bring the Moneda Latin American Corporate Debt Fund to Australian investors.
The Moneda Latin American Corporate Debt Fund is a high yield bond fund investing in US dollar-denominated corporate credit of companies throughout Latin America. Moneda manages a total of $US2.9 billion in Latin American (LatAm) high yield debt.
“For investors seeking to enhance returns, the Moneda Latin American Corporate Debt Fund has delivered significantly higher returns than emerging market equities with lower volatility over the period since the strategy’s inception,” Brookvine CEO, Steven Hall, said.
Moneda has been managing the strategy for 19 years, during which it has had an average annual return of 12.5 per cent per annum.