Credit Suisse has launched a new target-dated bond fund to further meet investor demand for shorter-term approaches, Citywire Switzerland's sister site, Citywire Selector has learned.
The latest launch, called the CS (Lux) Fixed Maturity Bond Fund 2021 S-2, will run with the same structure as the Credit Suisse (Lux) Fixed Maturity Bond Fund 2020 S-1, which launched in September 2016.
The new Ucits-compliant fund will focus on emerging markets and will be managed by a team lead by Citywire A-rated Gonzalo Borja.
A spokesperson for the company confirmed that the bonds held in the fund would mature in 2021.
Credit Suisse launched a target-dated bond fund in May 2016 which saw assets under management reach €3.33 billion shortly after launch.
It was closed to new investors in June ahead of the planned September close and the company quickly launched a new approach to meet demand for investment in this area of the market.
The new fund is domiciled in Luxemburg and is available for sale in Switzerland, Austria, Finland, France, Germany, Italy, the Netherlands, Norway, Singapore, Spain, Sweden, the UK and Bahrain.