Royal London Asset Management (RLAM) is to launch a monthly income bond fund later this year.
The fund will invest in a number of underlying RLAM credit and high-yield portfolios, with the option to hold up to 30% of the resulting portfolio in individual bonds and other fixed income securities.
The fund will also be able to invest in unrated securities, gilts and foreign sovereign debt.
It will be managed by RLAM’s head of fixed income Jonathan Platt and has been designed with a range of clients in mind, particularly IFAs and wealth managers.
Jonathan Platt, RLAM’s head of fixed income, said that the fund would exploit the “inefficiencies inherent in credit markets which result from over-reliance on liquidity, credit ratings and orientation towards benchmarks”.
“This fund allows us to translate RLAM’s unique credit philosophy, with a strong emphasis on active management, rigorous analysis of fundamentals and genuine stock selection, into a flexible and diversified new offering.”
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