Dublin-based asset manager Mediolanum International Funds has launched a flexible fixed income strategy designed to invest across global fixed income markets and adapt to changing market conditions.
The launch comes against a backdrop of continued volatility in fixed income markets, driven by higher inflation, shifting interest rate expectations and greater dispersion across sectors.
The Mediolanum Best Brands Dynamic Bond fund will invest across government bonds, investment grade and high yield corporate credit, emerging market debt and securitised instruments, with duration and sector allocation managed dynamically in response to market conditions and relative value opportunities.
Pimco has been appointed as the fund’s first asset manager, reflecting its flexible investment approach, specialist fixed income expertise and the strength of its global investment platform and experienced portfolio management team.
As with other funds in the Best Brands range, the strategy is designed to accommodate additional managers over time, in keeping with MIFL’s multi-manager philosophy.
Luca Matassino, Chief Business Officer, said: “Mediolanum Best Brands Dynamic Bond is a new solution designed to complement our existing fixed income range, rather than overlap with it. Thanks to its distinctive features, the strategy broadens the tools available to investors and strengthens the core bond component of our clients’ portfolios, expanding diversification opportunities through a more flexible, actively managed approach.”
Christophe Jaubert, Chief Investment Officer, said: “Fixed income markets have become considerably more complex to navigate in recent years. Mediolanum Best Brands Dynamic Bond is built around five core pillars: diversification, income generation, active duration management, selective currency exposure and the ability to capture opportunities from market inefficiencies, giving investors genuine flexibility across the global fixed income spectrum, with disciplined risk control at its core.”
