Schroders redomiciles five Cayman Islands-listed funds into its Luxembourg range
Oddo Asset Management has strengthened its fixed income fund range by launching a credit-focused fund called Oddo Strategic Corporate Bond fund.
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The sources reported that the new bond fund will invest in European investment grade companies.
The fund will be managed by the firm’s fixed income head Alain Krief as well as investment grade bonds specialist Alex Eventon.
The fund’s investment strategy has three areas of flexibility including credit exposure, breadth of duration and geographical and sector exposure.
Additionally, the fund will also operate on interest rate risk management, being able to vary duration between zero and six years on a tactical basis.
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By GlobalDataFurthermore, the fund, which is available in dollar and euro share classes, applies a fixed management fee of 0.5% or 1% (retail or institutional) and charges a 10% maximum performance fee if the fund outperforms its benchmark, the Barclays Aggregate Corporate TR Euro index.
