Altana Wealth, a UK-based investment manager, has introduced a UCITS version of its absolute return Altana Corporate Bonds Fund (ACBF) with 15 million open for outside investment.
To be managed by portfolio manager Stevan Bajic, Altana’s new fund is available for both retail at management fee of 1.25%, and institutional at a 0.75%, offering both income and accumulation share classes.
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ACBF designed to create positive returns seeking investment opportunities in all major markets in a globally diversified corporate bond portfolio, reported HedgeWeek.
Bajic told the news agency that the new fund will address credit investors’ issues in the current environment of stretched valuations such as where to source decent returns while being fairly compensated for the risks, how to avoid the liquidity trap and how to deal with the end of QE and the threat of rising interest rates?
Altana Wealth founder and CIO Lee Robinson said: "Continued volatile economic conditions mean that investors are desperately trying to find alternative sources of decent stable income for their fixed income portfolios, without compromising on risk and with some form of protection against rising interest rates.
"The low risk, low volatility and unconstrained structure of this fund is well suited to providing this especially compared to the returns and risks from holding sovereign bonds or bank deposits. We are confident that with Stevan’s impressive experience and track record, investors will be attracted by the high yields and robust returns."
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By GlobalDataThe UCITS features a low annualized volatility of less than 4%, and is expected to attract a SRRI risk rating of just 3.
