Schroders is preparing to launch a global bond product for Bob Jolly, the firm’s head of global macro.
The Schroder ISF Global Unconstrained Bond fund, part of the group’s offshore fund range, will come to market in April.
Jolly (pictured) and fixed income portfolio manager Gareth Isaac will aim to achieve a return of 4%-5% p.a. over the benchmark over an interest rate cycle. The fund will be benchmarked against the Barclays Capital Global Aggregate Bond USD Hedged index over a rolling three- to five-year period.
Schroder ISF Global Unconstrained Bond will be managed using a similar approach to the existing portfolios run by the Schroders global multi-sector team (ISF Global Bond, ISF Strategic Bond and GAIA Global Macro Bond).
Philippe Lespinard, chief investment officer, fixed income, said: “Over the past 18 months we have heavily invested in our global multi-sector team, adding further depth to our expertise in both the macro and credit spaces.
"The launch of Schroder ISF Global Unconstrained Bond completes our product range in this area, building on the successful approach utilised across Schroders’ existing global multi-sector portfolios.”
Jolly added: “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. Schroder ISF Global Unconstrained Bond seeks to meet investors’ expectations for a higher alpha global bond product.”
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