Mandate Profile:
- Client Type: German Pension Scheme
- Initial Investment Volume: 100 m. EUR
- Investment Universe: Global Emerging Markets and Frontier Markets Local Currency Bonds (Sovereigns, Quasi-Sovereigns (SOEs), Supranationals), IR-Swaps, Futures, CDS (Single Name and Index), Rates, FX
- Investment Restrictions: Up to 30% exposure in Frontier Local Markets allowed (instead of a mixed product the client might also select 2 separate strategies: a traditional Emerging Markets Local Currency Strategy and a pure Frontier Markets Local Currency Strategy); VAG requirements are mandatory, forced selling due to rating downgrades should be avoided; Minimum rating acceptable is B- (issues downgraded below B- have to be sold within six months after downgrade)
- Benchmark: e.g. JPM GBI-EM Global Diversified Index, FTSE Frontier Emerging Markets Government Bond Index
- Target Tracking Error: not restricted
- Currency Hedging: EUR unhedged
- Derivatives: allowed
- Investment Style: active
- Investment Vehicle: Mutual Fund (preferred), Segregated Mandate possible
Deadline: Monday, February 5th, 2024 (COB)
