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Ignis targets 10-12% returns with Global Bond launch
by Robert St George on Oct 09, 2013 at 09:32
Ignis is hoping to capitalise on the success of its £1.5 billion Ignis Absolute Return Government Bond fund, as it launches a more aggressive version of the strategy.
The new Ignis Global Macro Government Bond fund will target a return that is twice that of the existing Absolute Return Government Bond fund.
Domiciled in Luxembourg and non-Ucits compliant, the fund will aim for an absolute return of 10-12% per annum over cash, with a volatility range of 8-12%.
The fund will be managed by Russ Oxley, head of rates at Ignis, and use the same process and strategy as the Absolute Return Government Bond, although the house confirmed that ‘risk will be doubled’.
‘This fund will appeal to well-informed investors who may already value the Ignis Absolute Return Government Bond fund but are looking to target a higher level of risk for a higher potential return,’ commented Claude Chene, global head of distribution at Ignis.
The fund will have an annual management charge of 0.4% on the first £200 million it takes in and 1% on assets above that. Similarly, the fund has a performance fee of up to 20% for returns above cash although this is capped at 10% for the first £200 million.
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on Dec 10, 2013 at 12:57