Neuberger Berman is launching two new multi-asset funds as part of its Irish-domiciled UCITS range.
The independent, employee-owned investment management house said in statement that it is adding the Multi-Asset Risk Premia Fund and the Multi-Asset Class Income Fund to its range, subject to regulatory approval.
Erik Knutzen, chief investment officer, Multi-Asset Class at Neuberger Berman and lead manager on the Multi-Asset Class Income fund said that the fund will offer a combination of “low interest rates, low inflation, muted economic growth and elevated valuations” across traditional asset markets.
The Multi-Asset Risk Premia Fund Systematic fund will have long/short positions in deep, liquid markets across equities, fixed income, currencies and commodities with managed volatility targeting 5%.
The Multi-Asset Class Income fund will use a “best ideas approach” to take advantage of multiple, uncorrelated, income sources – in both traditional and alternative assets. In fixed income, the fund will seek opportunities in global sovereigns and credit, EMD, high yield and senior loans. In equities, it will target high dividend global equities, global REITs and MLPs.
In alternatives, it will allocate to absolute return strategies, risk premia and options. The fund will also implement tactical investment opportunities and currency overlays.
These new funds will sit alongside the Neuberger Berman Global Dynamic Asset Allocator fund, which launched in September 2015.
The new funds will be sub-funds of the Irish-domiciled UCITS fund umbrella, Neuberger Berman Investment Funds plc. The funds will launch “over the coming weeks”, subject to regulatory approval and will be registered for sale in the UK, Europe and Asia, the statement concluded.
Neuberger Berman was founded in 1939. It manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide, with offices in 19 countries and more than 1,900 investment professionals on its ranks.