BlueBay Asset Management has handed one its most high-profile teams a credit-focused income fund to meet huge client demand for yield, the company has announced.
Overseen by Citywire AAA-rated Mark Dowding, chief investment officer Raphael Robelin and multi-asset portfolio manager Blair Reid, the BlueBay Global Income was launched as a Ucits-compliant vehicle on 3 November.
It invests across the credit spectrum, covering sovereign, corporate and emerging market bonds. BlueBay said the fund is designed to operate with a low turnover of bonds, while maintaining an attractive relationship between yield and credit risk.
BlueBay said the fund was launched in response to client demand and would suit both liability-focused institutional investors and other investors seeking income generation.
Commenting on the launch, Reid said: ‘This strategy is about spending your credit risk as efficiently as possible. We build the fund from bottom-up based on ideas sourced from our analysts where the key focus is on the relationship between yield and credit risk.’