Mandate Profile:
- Client Type: German Pension Scheme
- Initial Investment Volume: 100 m. EUR
- Investment Universe: Emerging Markets Hard Currency Sovereign, Quasi-Sovereign and Corporate Bonds
- Investment Restrictions: 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); ESG (Corporate Bonds): No direct business involvement in cluster munitions, landmines and biological / chemical weapons and no red flag according to MSCI with the UN Global Compact in relation to human and labour rights
- Benchmark: e.g. JPM EMBI Global Diversified Index, 50% JPM EMBI Global Diversified & 50% JPM CEMBI Broad Diversified Index
- Target Tracking Error: not restricted
- Currency Hedging: EUR hedged
- Derivatives: allowed
- Investment Style: active
- Investment Vehicle: Segregated Mandate (German "Spezialfonds") or Mutual Fund
Deadline: Monday, February 5th, 2024 (COB)
