BlueBay Asset Management (BlueBay), a specialist active manager of fixed income, has launched the BlueBay Global Income Fund in response to client demand.
The UCITS Fund seeks to provide an attractive income stream via a low turnover portfolio of bonds. The primary focus is on securities with an attractive relationship between yield and credit risk.
Run by Blair Reid, Mark Dowding (pictured), and Raphael Robelin, the Fund targets a consistent level of credit risk and invests in bonds from across sovereigns and corporates, developed and emerging markets.
Responding to client appetite for the Fund, BlueBay believes the Fund will appeal to both institutional investors seeking an income to support their liability matching and wealth managers looking for an asset class agnostic approach to generating income to support core portfolios.
Reid, 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.”
BlueBay launched its first income portfolio in 2011 (currently USD1.3 billion) which primarily serves the North American market.
