BlueBay Asset Management has launched a global income fund for wealth managers and institutional investors.
The BlueBay Global Income fund will target an “attractive income stream” by investing in corporate and sovereign bonds across developed and emerging markets. The Ucits fund aims to maintain a consistent level of credit risk.
The new fund, which has been rolled out in response to client demand, will be run by Blair Reid, Mark Dowding and Raphael Robelin.
Redi says: “This strategy is about spending your credit risk as efficiently as possible. We build the fund from bottom-up based on ideas sourced from our analysts where the key focus is on the relationship between yield and credit risk.
“We have a well-developed multi asset platform and this fund launch continues to highlight the depth of expertise in BlueBay across all the asset classes we invest in.”
Fixed income specialist BlueBay launched its inaugural income portfolio into the North American market in 2011. The fund now has assets under management of $1.3bn.