Fisch Asset Management has launched a global convertible bonds fund which aims to take an offensive market position.
The Zurich-based boutique says that the strategy behind the CB Global Dynamic Fund will enable institutional investors to enjoy “potentially higher returns while maintaining the security typical of fixed income assets”.
The launch brings the number of Fisch’s convertible bond strategies to four: defensive, opportunistic, dynamic and sustainable.
The new fund will be managed by Ute Heyward and Filip Adamec, portfolio managers on the firm’s convertible bonds team.
Philipp Good, Fisch’s chief executive, said: “The current environment of rising interest rates and volatile equity markets is complimentary to convertible bonds as they offer downside protection through their bond component, while permitting unlimited participation in the upside potential offered by equity markets.
“The many years of collective experience within our convertible bonds team puts us in a strong position to identify the opportunities often overlooked by market participants in order to realise the best value for investors.”
The fund is authorised for distribution in Switzerland, Germany, Austria, Luxembourg, France, Italy, Belgium and the Netherlands.
Fisch currently manages almost €5 billion in convertible bond assets.
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