Axa Investment Managers has launched a Sterling Credit Short Duration Bond fund for the British retail market, which will aim to minimise interest rate sensitivity.
The launch follows the recent UK launch of the group’s US Short Duration High Yield fund for institutional investors, which was met with strong demand from discretionary managers and funds of funds.
The Axa Sterling Credit Short Duration Bond fund is managed by Julie Lamirel and invests in sterling investment grade corporate bonds that are expected to mature in less than five years from the purchase date. (article continues below)
In doing so the fund, which has a minimum £1,000 will aim to reduce the potentially damaging impact of any rises in the Bank of England base interest rate.