BlueBay Asset Management (BlueBay) has launched the BlueBay Global Income Fund, an Ucits fund seeking to provide an attractive income stream via a low turnover portfolio of bonds.
The new fund, primarily focused on securities with an attractive relationship between yield and credit risk, invests in corporate and sovereign bonds, from developed and emerging markets, and is run by Blair Reid, Mark Dowding and Raphael Robelin.
BlueBay Global Income Fund manager’s Blair 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.
“We have a well-developed multi asset platform and this Fund launch continues to highlight the depth of expertise in BlueBay across all the asset classes we invest in.”
BlueBay launched its first fixed income portfolio in 2011, which primarily serving the US market, currently manages US$1.3bn of assets under management.