Schroders has launched a new global multi-credit fund which will invest actively in global credit markets, unconstrained by traditional benchmarks. It will invest in investment grade, high yield, EM sovereign and credit, asset-backed securities municipals and convertibles.
The fund will be managed by Schroders credit team led by Patrick Vogel. Schroders currently manages around €20 billion in European and global credit strategies and Vogel commented: “There is a strong demand for flexible credit strategies aiming for total returns. This unconstrained strategy has the flexibility to capture opportunities in global credit allowing us to take advantage of non-synchronous credit cycles to deliver return.” Schroders global head of distribution, John Troiano, commented: “Some investors are seeking to de-risk their portfolios while asking their bond investments to work much harder to generate returns and this fund offers a flexible active approach that has the potential to deliver a strong risk return ratio that will meet the needs of clients.”