Investec launches global total return credit fund

Ridhima Sharma
Investec launches global total return credit fund

Investec AM announced the launch of the Investec GSF global total return credit fund. This new fund will aim to find the best investment opportunities across credit markets to create a diversified portfolio which is both high-yielding yet comparatively defensive.

The Investec GSF global total return credit fund aims to generate attractive income for investors from a global portfolio of credit assets, seeking to provide a return currently targeted at 4-6% above USD three month LIBOR through the credit cycle and a yield of around 5% p.a.

The fund has the potential to deliver higher yields at similar risk to typical income funds for investors. It is managed by Jeff Boswell & Garland Hansmann, backed by the firm’s globally integrated specialist credit team. They are further supported by the firm’s broader investment research team spanning equities, fixed income and alternative assets.

The fund is an extension of the income solutions managed by Investec’s multi-asset team. With a track record of managing multi-asset mandates since the inception of the business over twenty years ago, the Investec AM multi-asset team is responsible for a range of strategies encompassing diversified growth and global multi-asset income. The team also draws on the specialist equity, fixed income, commodity and emerging market expertise within the firm, combining this with the specialist asset skill-sets within the team.

The fund has been launched within the flagship Investec Luxembourg Ucits GSF fund range and has been registered for distribution across a wide spectrum of countries internationally.

Jeff Boswell, co-portfolio manager, said, “Increasingly, investors around the world are focused on sourcing attractive income streams. We believe this solution is well positioned to give investors access to an unconstrained credit portfolio that aims to deliver on their requirements for enhanced yield.”

“Harnessing the specialist team’s best ideas from across the credit universe enables this global fund to access a diverse and complex opportunity set. Our investment teams work together seamlessly across our global investment platform, enabling us to leverage our insight to look for the best investment ideas,” said Garland Hansmann, co-portfolio manager.

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