Neuberger Berman to launch multi asset funds


Neuberger Berman has confirmed it is launching two multi asset Ucits in the coming weeks.

Erik Knutzen will be the lead manager for the Multi-Asset Class Income fund, while Ajay Jain will be co-lead manager on the Multi-Asset Risk Premia fund alongside Wai Lee, global head of quantitative investments.

Knutzen, who is CIO for multi-asset at Neuberger Berman, says: “A combination of low interest rates, low inflation, muted economic growth and elevated valuations across many traditional asset markets is inspiring investors to look for alternative sources of robust returns and diversification to meet their goals.”

The income fund will take a best ideas approach to uncorrelated income sources.

In fixed income it will focus on global sovereigns and credit, emerging market debt, high yield and senior loans. High dividend global equities, global REITs and MLPs will make up its equity strategy, while in alternatives it will allocate to absolute return strategies, risk premia and options.

Jain says the risk premia fund will have long/short positions in deep, liquid markets across equities, fixed income, currencies and commodities with managed volatility targeting 5 per cent. It will seek to exploit four styles – value, momentum, carry and liquidity.

The funds will complement the Neuberger Berman Global Dynamic Asset Allocator Fund, which launched in September 2015.

The sub-funds of the Irish-domiciled Ucits fund umbrella Neuberger Berman Investment Funds will be registered for sale in the UK, Europe and Asia. 

Fees will be confirmed once the funds have regulatory approval.