AB has launched a new fixed income fund which can invest flexibly across multiple regions and sectors, Citywire Selector has learned.
A spokesperson for the US asset management company said the fund will hold investment grade and high yield corporate bonds, emerging market debt, securitised credit and government bonds in developed markets.
The new fund has US dollars as its base currency and will not be benchmark constrained. It aims to maintain the balance between duration and credit risk whilst maintaining the flexibility in asset allocation to find the best returns.
The fund is currently available for sale in Luxembourg and will be registered in other countries according to client demand.
The launch follows the appointment of Jess Gaspar as the global director of research fro its multi-asset solutions group to cope with client demand.