BlueBay Asset Management has launched a multi asset fixed income fund, which the firm said was in response to investor demand.
Run by three partners in the asset manager, Blair Reid, Mark Dowding (pictured) and Raphael Robelin, the fund targets a consistent level of credit risk by investing in bonds from across sovereigns and corporates, developed and emerging markets.
The Ucits fund seeks to provide an attractive income stream via a low turnover portfolio of bonds. The primary focus is on securities with an attractive relationship between yield and credit risk.
Commenting on the launch Ried, who is the lead partner, senior portfolio manager responsible for the fund at BlueBay, said: ‘This about spending your credit risk as efficiently as possible. We build the fund from bottom-up based on ideas sourced from our analysts where the key focus is on the relationship between yield and credit risk.
‘We have a well-developed multi asset platform and this fund launch continues to highlight the depth of expertise in BlueBay across all the asset classes we invest in.’
The fund is the third multi-asset fund launched by BlueBay and targets 'both institutional investors seeking an income to support their liability matching and wealth managers looking for an asset class agnostic approach to generating income to support core portfolios.'
The asset manager is a wholly-owned subsidiary of the Royal Bank of Canada and its assets under management stand at $57 billion (£43.5 billion).