Nationwide announces launch of Nationwide Emerging Markets Debt Fund

By Tali Rackner

Norfolk, Va., Feb. 29 – Nationwide announced the addition of the Nationwide Emerging Markets Debt Fund as a part of the continued expansion of its global fixed-income options, according to a press release.

The fund will offer investors broad exposure to emerging markets debt. From hard currency to local currency and sovereign debt to corporates, the fund has the flexibility to find the best relative value opportunities within the emerging debt markets, the release said.

The investment objective is to deliver total return.

Richard House will be the portfolio manager.

Standard Life Investments will subadvise the fund.

"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," Nationwide Funds president Mike Spangler said in the release.

"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."

The fund’s adviser is King of Prussia, Pa.-based Nationwide Fund Advisors.

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