ING IM is preparing an aggressive version of its flagship multi-asset total return fund to help investors generate alpha in volatile market conditions, Citywire Global understands.
The proposed fund would be added to the firm’s Luxembourg-domiciled range and will be called the First Class Multi Asset Premium fund.
This will be run in a broadly similar format to the group’s flagship multi-asset total return fund, the First Class Multi Asset fund, which was launched in 2011.
The new fund aims for a medium-term investment horizon and can invest in traditional assets as well as deploying more sophisticated investment strategies, resulting in a diversified portfolio.
Management of the fund will fall to the ING IM multi-asset team, with Ewout van Schaick and Niels de Visser set to oversee the strategy. It is understood the fund will be launched at the end of April or early May.
Plans for the fund have come to light shortly after the group bolstered its fixed income fund line-up with two new strategies.