A new target
Credit Suisse has launched a new target-dated bond fund following investor demand for shorter-term approaches.
The CS (Lux) Fixed Maturity Bond Fund 2021 S-2 will run under the same structure as the Credit Suisse (Lux) Fixed Maturity Bond Fund 2020 S-1, launched in September 2016.
The new Ucits-compliant strategy will focus on emerging markets and is set to be run by a team led by Citywire A-rated Gonzalo Borja.
Credit Suisse launched a target-dated bond fund in May 2016 which saw assets under management reach €3.33 billion shortly after launch and was closed to new investors in June ahead of the planned September close.