PineBridge Investments has announced the launch of the PineBridge US$ Investment Grade Credit fund.
The fund is managed by the PineBridge Investment’s Developed Markets Investment Grade Credit team, which is led by Robert Vanden Assem, who has overseen the firm’s US$ investment grade capabilities since 2001, the company said in a statement announcing the launch.
The investment objective is to provide attractive total return and capital preservation by focusing on bottom-up research analysis of the credit universe in which the fund invests, and selecting underlying credits and sectors.
“We see several factors currently attracting investors to the US dollar investment grade credit market: more frequent periods of high market volatility, negative rates in developed markets and a Fed that is attempting to apply the brakes,” said Vanden Assem.
“Meanwhile, the European Central Bank and the Bank of Japan continue to step on the gas for monetary policy stimulus. In this environment, where trillions of dollars of government debt trade at negative yields, the US$ investment grade credit market offers attractive yields through investments in high quality assets.”
PineBridge currently manage over US$7bn in US Investment Grade Fixed Income portfolios, as of 30 September.
The fund is one of many within the PineBridge Global Funds umbrella, which provides investment solutions within a UCITS compliant investment vehicle, authorized and regulated by the Central Bank of Ireland. The fund will be registered across Europe and will be available to investors via private banks and third party distributors.
PineBridge Investments is a global asset manager with experience in emerging and developed markets, and investment capabilities in multi-asset, fixed income, equities and alternatives with on-the-ground investment teams of more than 210 professionals. It manages US$82.6bn as of 30 September for a global client base that includes institutions, insurance companies, and intermediaries.