Geneva-based Pictet Asset Management has launched an unconstrained bond fund which aims to generate higher returns by exploiting market volatility.
The Ucits-compliant Global Fixed Income Opportunities Fund is domiciled in Luxembourg and will invest across all fixed-income sectors in both developed and emerging markets.
The fund – which targets a 6-8% annual return over cash before fees – has been designed to appeal to bond investors willing to accept a higher level of risk in order to achieve higher returns.
It is managed by Andres Sanchez Balcazar, head of global bonds, and senior investment managers Sarah Hargreaves, David Bopp, and Thomas Hansen.
Balcazar said: “We take an approach to bond investing that is not tied to a fixed-income benchmark. This way, we can look for attractive investment opportunities across the whole fixed-income market to benefit from market volatility and relative value trades.”
The fund is registered for distribution in: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Peru, Portugal, Singapore, Spain, Sweden, Switzerland and the UK.
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