Axa Investment Management has extended access across Europe to its global short duration bonds strategy with the launch of a Luxembourg Sicav sub-fund.
The sub-fund, called the Axa WF Global Short Duration Bonds Fund, aims to offer investors the benefits of global diversification while mitigating the impact of rising interest rates and volatility.
It will invest across the short-dated fixed income spectrum with a maximum of five years maturity, including inflation-linked, investment grade, high-yield and hard currency emerging market bonds.
Strategy manager Nicolas Trindade said that the fund would be particularly attractive to investors “worried about rising yields and volatility in uncertain times”.
Axa’s short duration range has total assets under management of €25 billion globally.
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