Switzerland -based Pictet Asset Management has unveiled a Luxembourg-domiciled absolute return fixed income fund.
The new fund will be managed by Andres Sanchez Balcazar, who is senior investment manager and co-head of global and regional bonds at Pictet.
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Available in US dollar, euro and Swiss franc share classes, the fund has a flexible and benchmark-unconstrained approach and is well diversified across rates, spreads and foreign exchange.
The new absolute return fixed income fund aims to invest across all fixed income sectors in both developed and emerging markets targeting a 3-4% over cash per annum gross of fees.
Commenting on the launch, Balcazar said: "We identify long-term themes that are based on facts and are quantifiable. Our aim is to build a robust portfolio that is liquid, well diversified and independent of a single scenario or forecast."
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