ING Investment Management has reportedly rolled out a zero duration-hedged share class for a trio of its funds.
The funds are: Renta Global High Yield, Emerging Market Debt (HC) and Europe High Yield funds, according to Investment Week.
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The launch is part of the group’s strategy to give investors an alternative to short-dated bond funds.
The publication quoted ING business development director Peter Wilson as saying that the share classes offered a different approach to the prospect of rising rates.
"Rather than launching a short-dated bond fund, we have kept our existing funds and are offering investors a zero duration share class. It still offers managers a chance to invest, but also means ING can remove the duration risk for them," he added.
