EDM launches European flexible bond fund in Luxembourg

Eugenia Jiménez
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EDM launches European flexible bond fund in Luxembourg

Spanish investment firm EDM has registered the EDM European Flexible Bond Fund in Luxembourg, which will be available for suscription from September.

EDM has launched the EDM European Flexible Bond Fund fully replicating its Spanish fund EDM Ahorro- which amounts €229m of AuM as at 7 September 2017.

The new fund, whose strategy mirrors that of the EDM Ahorro fund, will invest mainly in fixed income and will focus its investments on the OECD countries, although it could also invest in emerging markets with no limitation.

EDM Ahorro fund was born in 1987 along with EDM Inversión, and since 2001 has been managed by Karina Sirkia. It invests in both corporate and sovereign bonds, with a maximum average duration that never exceeds three years.

Adolfo Monclús, chief of Institutional business & partner at EDM, said: “With the launch of the EDM European Flexible Bond Fund, we have brought this proven success strategy closer to those investors who prefer to invest in Luxembourg-domiciled funds. The product will have a master-feeder structure so the Luxembourgish feeder will be an exact replica of the Spanish master. We expect both products to continue to consistently beat their benchmark indices.”