St James’s Place has launched two income funds aimed at those making use of the new pension freedoms.
The diversified bond fund and the strategic income fund will be available for SJP clients from 2 November.
Investment managers at Payden & Rygel, Brigade Capital Management and TwentyFour Asset Management will manage the diversified bond fund.
The fund will invest in global fixed-income markets including sovereign debt, investment grade corporate bonds, and European and US high-yield credit.
The strategic income fund will also invest in fixed-interest markets, such as US, European and emerging market high-yield bonds as well as high-dividend equities also using derivative strategies.
The strategic income fund will be managed by US and UK teams under MidOcean Credit Partners, Schroders, BlueBay Asset Management and TwentyFour Asset Management.
St James’s Place chief investment officer Chris Ralph says: “The launch of these new strategies reflects our commitment to continually develop our range of funds, ensuring that our clients have access to a range of investment solutions to help them achieve their long-term objectives.
“This is of particular significance in the evolving retirement landscape, where pension investors have an increased need for sustainable, alternative sources of income.”
Charges information was not immediately available.