ING Investment Management International has launched a fund focusing on credit opportunities through the use of multiple diversified strategies.
The €35m (£30m) ING (L) Renta Fund First Class Yield Opportunities fund launched on 9 July and is co-managed by head of multi-asset strategies Ewout van Schaick and head of European investment grade credit Roel Jansen.
Labelled a “risk-controlled investment”, the fund will purchase individual bonds from the investment grade credit, global high yield and emerging market debt sectors.
The strategy will make use of ING IM’s bottom-up credit selection skills of its various specialised teams as well as the top-down asset allocation skills of the multi-asset boutique.
ING chief investment officer Hans Stoter says: ”Global credit markets have proven to be an attractive investment over time and can be an attractive diversifier for a government bond oriented fixed income portfolio. Returns across global credit markets as well as returns over time deviate significantly which illustrates the importance of dynamic asset allocation.
“The need to fully understand the issuers and issues and to select the bonds with the most favourable estimated risk-adjusted returns requires analysis by credit specialty teams. The new First Class Yield Opportunities fund combines our knowledge and experience in all of these fields.”