The Schroder ISF Global Unconstrained Bond fund is due to launch in April and will target an annual risk-adjusted return of 4-5% more than the benchmark over an interest rate cycle.
It will be benchmarked against the Barclays Capital Global Aggregate Bond USD Hedged index across a rolling three-to-five year period.
This will see it adopt a top-down approach across a diversified range of bond classes in order to generate consistent returns from a host of different alpha sources.
Overseeing the team-based approach to the fund will be Bob Jolly (pictured) and Gareth Isaac, who last month assumed responsibility for the Schroder ISF Global Inflation Linked Bond fund following the departure of David Scammell.
Commenting on the proposed launch, Philippe Lespinard, CIO of fixed income at Schroders, said: ‘Over the past 18 months we have heavily invested in our global multi-sector team, strengthening the leadership and adding further depth to our expertise in both the macro and credit spaces.’