Forward Management has relaunched the Forward International Fixed Income Fund as the Forward EM Corporate Debt Fund. SW Asset Management, an asset management firm that specializes in emerging corporate debt, will sub-advise the fund. David Hinman, chief investment officer of SW Asset Management, will serve as co-portfolio manager of the fund.
Emerging market debt securities have been outperforming emerging market equities but exhibiting lower volatility for nearly the past decade, said J. Alan Reid, chief executive officer of Forward Management. “The inefficiencies in the emerging market corporate debt market, coupled with its strong return potential, make it an obvious choice for investment advisers,” Reid said.