Amerant Investments chief investment officer Baylor Lancaster-Samuel talked with Proactive's Stephen Gunnion about the launch and strategy behind the Amerant Latin American Debt UCITS ETF (RNTA).
Lancaster-Samuel explained that RNTA was created to meet the needs of Latin American clients who want exposure to local corporates without the difficulties of constructing diversified portfolios themselves. “You need sort of five to six million dollars in order to get enough diversity,” he noted, citing bond denomination sizes as a barrier for many investors.
The ETF takes an active investment approach, targeting high-performing corporate bonds from the largest and most stable economies in Latin America, including Brazil, Mexico, Colombia, and Chile. The strategy avoids distressed issuers, with zero exposure to Venezuela and caution around defaults such as Argentina.
Lancaster-Samuel emphasised that the ETF is US dollar-denominated, reducing currency risk for clients already exposed to local currencies. He described the portfolio as concentrated (40–60 names), highlighting the opportunity in Latin America where “corporates trade with additional spread for the same amount of leverage.”
The ETF is designed for income-focused investors, with a quarterly distribution and a focus on carry rather than capital appreciation. He added that RNTA could appeal to both retail and institutional investors seeking targeted emerging market exposure.
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