Lombard Odier Investment Managers (LOIM) has added a Swedish Krona hedged share class to LO Funds – All Roads Multi-Asset in order to meet demand of Swedish institutional investors.
Mats Langensjö, client solutions director at LOIM, said that the launch of a Swedish share class for All Roads is a natural extension of our ongoing effort to expand the firm’s Swedish distribution network.
“Institutional clients are demanding different investment tools to solve the negative yield and return challenges and in our view, our multi-asset strategy, which aims to be liquid, diversified, systematic and scalable, can offer an alternative to fixed income without currency risk,” he added.
Theodore Economou, CIO of Multi-Asset, commented: “After benefiting from falling interest rates for more than three decades, investors face unprecedented risk and liquidity issues in their fixed income investments.
“This is particularly true in Sweden where cash yields are deeply negative and institutional investors confront the challenge of delivering stable returns whilst preserving capital to meet growing long-term liabilities without worsening their balance sheet or the retirement conditions of their members.”
LOIM managed total assets of CHF223bn (€206bn) as of end June 2016.