Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Pictet launches unconstrained absolute return bond fund

Pictet launches unconstrained absolute return bond fund

Pictet Asset Management has launched a global absolute return fixed income fund designed to operate free of benchmark constraints.

The new strategy, which is formally called the Pictet-Absolute Return Fixed Income fund, will be Luxembourg-domiciled.

Management of the fund will fall to the group’s co-head of global and regional bonds, Andres Sanchez Balcazar.

The fund has a flexible and benchmark-unconstrained approach which targets positive returns while helping to protect the fund against rising rates.

It can invest across rates, spreads and FX and also access all fixed income sectors in both developed and emerging markets.

The fund targets a 3-4% over cash per annum gross of fees. It is available in US dollar, euro and Swiss franc share classes.

Commenting on the launch, Sanchez Balcazar said: ‘After three decades of falling interest rates, bond investors would do well to look at an approach to bond investing that is not tied to a fixed income benchmark and can invest globally across all sectors.’  

Sanchez Balcazar has over 16 years of experience in managing bond portfolios and is supported by three investment managers on the fund.

He joined from Western Asset Management in February 2011 and currently oversees seven fixed income funds covering European, global and North American bond markets.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter