Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration 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.

Related Fund Managers

Andres Sanchez Balcazar
Andres Sanchez Balcazar
13/19 in Bonds - Absolute Return USD (Performance over 3 years) Average Total Return: 2.00%
Citywire TV
Play Citywire Scotland: how wealth managers use new tech

Citywire Scotland: how wealth managers use new tech

We caught up with a few wealth managers at our annual event in Gleneagles to find out what technological innovations they are employing across their businesses.

1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Read More
Wealth Manager on Twitter