NEW YORK, Jan. 10, 2018 (GLOBE NEWSWIRE) -- BNP Paribas Asset Management (BNPP AM) announces the expansion of their institutional capabilities in the U.S. with the launch of an actively managed emerging markets fixed income mutual fund.
The BNPP AM Emerging Market Total Return Fixed Income Fund seeks to provide investors with risk-adjusted returns and enhanced diversification opportunities by investing primarily in fixed income instruments issued by emerging entities, both sovereign and non-sovereign, denominated in local and hard currencies. The fund’s strategy is based on U.S. dollar and local currency denominated capabilities, with dynamic and active allocation and a flexible risk budget between the two. It focuses on four alpha drivers, sovereign credit, corporate credit, interest rates and foreign exchange, to identify potential opportunities.
The Fund will be managed by L. Bryan Carter, CFA, Head of Emerging Market Fixed Income at BNP Paribas Asset Management and JC Sambor, Deputy Head of Emerging Market Fixed Income at BNP Paribas Asset Management. They are supported by a highly experienced and diverse team with 12 dedicated members who average 14 years of investment experience. The team currently manages USD $3.2 billion as of December 31, 2017.
The fund is low-cost and actively managed featuring attractive initial expense ratios of 0.30% for institutional shares; 0.45% for investor shares; and 0.70% for retail shares.
“We are pleased to launch our first in a limited number of actively managed U.S. mutual funds to address both institutional and retail investors’ needs. These mutual funds meet a growing demand for more flexible vehicles beyond our traditional institutional offerings leveraging specific areas of expertise such as emerging markets,” Daniel Klein, CEO of BNP Paribas Asset Management North America.
The BNPP AM Emerging Market Total Return Fixed Income Fund is now available for investment under the following tickers: Institutional Shares: BNPLX; Investor Shares: BNPMX and Retail Shares: BNPNX.
BNP Paribas Asset Management will be launching additional mutual funds in the coming months. To learn more about this fund or our forthcoming mutual funds, please visit: http://institutional.bnpparibas-am.com/client/us-clients/
PRESS CONTACT
BNP Paribas Asset Management
Sandrine Romano
+33 (0)1 58 97 74 49
sandrine.romano@bnpparibas.com
Jamie Somohano
+1 212 841 2406
jamie.somohano@us.bnpparibas.com
About BNP Paribas Asset Management
BNP Paribas Asset Management is the investment management arm of BNP Paribas, one of the world’s major financial institutions. Managing and advising USD 674 billion in assets as at 30 September 2017, BNP Paribas Asset Management offers a comprehensive range of active, passive and quantitative investment solutions covering a broad spectrum of asset classes and regions. With close to 700 investment professionals and 600 client servicing specialists, BNP Paribas Asset Management serves individual, corporate and institutional investors in 73 countries around the world. Since 2002, BNP Paribas Asset Management has been a major player in sustainable and responsible investing. For more information, please visit bnpparibas-am.institutional.com.
Gross expense ratios for the fund are as follows: 1.97% for institutional shares; 2.12% for investor shares; 2.37% for retail shares. Fee waivers are contractual and in effect until June 30, 2018. Additionally, the advisor has voluntarily agreed to waive fees and reimburse expenses until June 30, 2018 to the following extent: 0.30% for institutional shares; 0.45% for investor shares; 0.70% for retail shares
To determine if the Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk, and charges and expenses. This and other information can be found in the Fund’s prospectus, which can be obtained by calling 1-844-4-BNPPAM. Please read the prospectus carefully before investing.
There are risks involved with investing, including possible loss of principal. Bonds and bond funds generally decrease in value as interest rates rise. High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. In addition to normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. There is no guarantee the fund will achieve its stated objective.
Hard-currency – bonds denominated in a developed market currency (such as the US dollar and Euro).
Alpha - represents return generated above the benchmark.
The BNP Paribas Asset Management (BNPP AM) Emerging Market Total Return Fixed Income Fund is distributed by SEI Investments Distribution Co. (SIDCO). The Fund is managed by BNP PARIBAS ASSET MANAGEMENT USA, Inc., an investment adviser registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940, and a subsidiary of the BNP Paribas group. BNPP AM is the global brand name of the BNP Paribas group’s asset management services. SIDCO is not affiliated with BNPP AM.
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