CM-CIC Asset Management, the investment arm of French financial group Crédit Mutuel, has launched a fixed income fund of funds, CM-CIC Obli Flexible, on 16 March 2017, InvestmentEurope has learned.
According to fund literature, the FoF seeks to benefit from the evolution of global fixed income markets by investing primarily in a selection of global fixed income strategies.
It applies a multi-strategy approach enabling the manager to determine appropriate asset allocation depending of the analysis of asset managers selected.
The fund also makes direct line investments. Its net assets will be invested up to 10% in global all-cap equities.
The launch of the CM-CIC Obli Flexible fund follows that of the CM-CIC Obli Spread 2023 fund last 24 February.
The CM-CIC Obli Spread 2023 invests in investment grade and high yield securities globally over a six-year period to December 2023.