Illinois-based
Nationwide adds yet another mutual fund to its growing list of global fixed-income options. Called Standard Life Investments, it will subadvise the
Nationwide Emerging Markets Debt Fund headed by portfolio manager Richard House.
“We’re pleased to add Standard Life Investments to our strong lineup of subadvisers and the experience they bring in the underlying global fixed-income asset classes that comprise this Fund’s portfolio,” said Nationwide Funds president Mike Spangler. “Exposure to foreign markets may help improve portfolio performance in a rising rate environment, and low correlation between global and domestic fixed income provides investors with additional diversification.”
Nationwide had previously launched two other global fixed-income funds last November: the Nationwide Amundi Global High Yield Fund and the Nationwide Amundi Strategic Income Fund.
Standard Life Investments is a premier asset manager based in Edinburgh, Scotland that offers a wide range of investment solutions. The company manages more than $379.5 billion over a number of different investment strategies.
The Nationwide Emerging Markets Debt Fund will provide investors broad exposure to the debt of emerging markets.
The fund’s investment objective is to deliver total return.
“While headline-driven global events may tend to scare clients from international exposure, a home bias for domestic equities could increase risk in a portfolio,” remarked Spangler. “Advisors can help their clients diversify through global fixed-income investments that can help generate returns from markets beyond the U.S.”