Neuberger Berman has launched a global flexible credit fund in a Ucits format available to international investors.
The fund is a relative value, credit-focused strategy with the flexibility to invest across sectors, rating cohorts and geographies “in order to generate durable income and strong total returns over a cycle”.
Dave Brown, Norman Milner, Joe Lynch and Vivek Bommi will manage the fund which adds to the firm’s $150 billion fixed income platform.
Brown, senior portfolio manager, says: “Given where valuations are currently, an investor’s ability to have flexible credit selection will be the determining factor to enhance yield and strong total returns as markets gradually normalise against a backdrop of zero bound policy rates.”
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