Swiss based Mirabaud Asset Management has introduced a new Global Convertible Bond fund to seize opportunities across the fixed income universe under various economic cycles.
The Mirabaud Convertible Bond Global fund will come under the group’s UCITS fund range and will be managed by Renaud Martin, alongside Nicolas Crémieux, a senior portfolio manager who joined the firm from Dexia AM.
The fund will invest primarily in the US and European bond markets, but will have a mandate to look for other opportunities in the rest of the world, including emerging markets.
The new fund will join the European convertible bond fund which launched two years ago with assets amounted to 220 million and target issuance in the US and the Europe.
Martin said: "The arrival of Nicolas Crémieux is a key factor for the enhancement of our expertise in global convertible bonds, and his knowledge of the different markets, securities, and sectors will be a significant advantage over the longer term.
"We are seeking to reproduce the same success with this new global fund, whose performance and commercial development prospects are considerable," he added.
Lionel Aeschlimann, managing partner and head of asset management at Mirabaud, said: "Convertible bonds symbolise Mirabaud Asset Management’s investment philosophy since this asymmetry, between participation in the uptrend in the markets and downside protection epitomises our management philosophy in numerous asset classes."