Active investment manager Allianz Global Investors has launched the Allianz Fixed Income Macro Fund, a new global absolute return fixed income fund aimed at the UK market and will be managed by Kacper Brzezniak from the Conviction Fixed Income team based in London.
Mike Riddell will be deputy portfolio manager, and the team will be supported by Ryan Chin, a multi asset portfolio manager based in the US.
The Fund aims to outperform cash by 4-6 per cent per annum, (gross of fees) through all market cycles, regardless of the direction of interest rates, credit or equities.
A UK UCITS OEIC, this will be the second fund to be launched by the fixed income team in London this year, following the successful introduction of the Allianz Index-Linked Gilt Fund back in February.
Adam Gent, Head of Retail & Wholesale UK and Northern Europe, says: “As the fixed income market is becoming more volatile, this fund aims to deliver, irrespective of where markets or rates are going. Benefitting from our significant experience and strong track record in fixed income, this is an exciting, new addition to our growing UK product range.”
Kacper Brzezniak, Portfolio Manager, conviction fixed income, says: “The fund offers a natural extension of our existing capabilities, providing our clients with exactly the type of absolute return strategy we know they are looking for.
“We have already begun to see volatility rising this year, but we believe this is just the beginning. The Fixed Income Macro fund is ideally positioned to take advantage of market uncertainty, as its flexible, active approach means the fund can perform in any type of environment.”
The Fund will join the Investment Association Targeted Absolute Return peer group at launch (subject to confirmation from the Investment Association).
