Neuberger Berman announced Monday that it has launched an emerging markets income fund.
The New York-based firm, which is one of the world’s leading employee-controlled money managers, said that the new fund has the flexibility to invest across emerging markets hard currency, local currency and corporate bonds.
The fund’s managers, which include Rob Drijkoningen and Gorky Urquieta, co-heads of Neuberger Berman's emerging markets debt team, believed that the emerging markets economies will steadily improve through the remainder of the year, with growth accelerating in 2014.
Founded in 1939, Neuberger Berman provides solutions for fund managers across equities, fixed income, hedge funds and private equity. It had $214 billion in assets under management as of June 30.