Morgan Stanley Investment Management (MSIM) has launched a Global Buy & Hold Bond fund aiming to offer stable income while avoiding volatility.
The fund’s portfolio will be globally diversified within government, investment grade and high yield corporate bonds, and emerging market government debt, with an expected maturity of about four years.
The four-year maturity profile means the fund will be open until June 2021. Income will be provided regularly over its lifespan.
The firm’s global fixed income team manages the fund, with Jim Caron, Marco Spaltro, Leon Grenyer and Joseph Mehlman serving as lead managers.
Caron said that in the current low interest-rate environment, the search for yield from fixed income products has intensified, with investors seeking alternatives to European government bonds and other kinds of non-diversified fixed income exposure.
The Sicav is domiciled in Luxembourg and is for sale in France, Italy, Spain and the UK. Its base currency is the euro.
MSIM manages assets of $417 billion (€381.7 billion), as of September 30, 2016.
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