Schroders is launching a global unconstrained bond fund, which will target an annualised return of 4-5% above its benchmark over a rolling three to five year period.
The fund, which is due for an April launch, will be managed by the group’s global multi-sector team, which is headed by Bob Jolly.
Jolly said: ‘In an environment of near zero returns for cash, investors are now seeking a higher return for their capital. There is increasing investor demand for bond funds that have the capability to invest across the global fixed income universe and benefit from a wide opportunity set.
‘The unconstrained nature of this fund allows us to exploit the best ideas identified by the global investment team in rates, foreign exchange and credit.’