Global investment firm Capital Group combined four fixed income drivers in a single fund with the launch of the Luxembourg-domiciled Capital Group Multi-Sector Income fund (MSI) in partnership with UBS GWM for investors in Europe and Asia.
MSI combines four key fixed income sectors– investment-grade corporate bonds, high-yield corporate bonds, emerging market bonds and securitised credit – in a single portfolio. The fund, categorised as article 8 under Europe’s SFDR sustainability rules, applies exclusions and a carbon footprint target of at least 30% lower than its reference index.
Mike Gitlin, head of fixed income, Capital Group, commented: “We believe our new multi-sector income fund, offering a mix of high quality and higher-yielding assets, is particularly compelling in the current market environment. MSI combines the power of four fixed income sectors to target reliable income in different market conditions.”
UBS GWM is the exclusive launch partner for the fund in Europe and Asia until March 31, 2023. Bruno Marxer, head of global investment management, UBS GWM, said: “Earning more predictable returns from income strategies is particularly appealing amid ongoing market volatility, making this a timely addition to our overall offering.”
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