The sterling-denominated Investec Global Total Return Credit fund will target a long-term return of +4% above three-month GBP Libor, gross a fee of 0.75 basis points.
Boswell said: ‘Investors are increasingly focused on sourcing attractive income streams.
‘We believe this solution is well positioned to provide access to an unconstrained credit portfolio that aims to deliver on the requirement for enhanced yield.’
The managers will invest in between 80 and 120 of the company's best ideas in credit.
The Luxembourg-based Investec Global Total Return Credit fund is just shy of its 12 month anniversary but over six months has returned -0.5% versus a GIFS Global Flexible Bond index return of -0.29%.