Mirabaud Asset Management has launched a global diversified credit fund in order to better actively manage duration, the company has announced.
The Citywire + rated duo currently run several funds, including the Mirabaud-Global High Yield Bonds fund which they jointly manage.
The fund aims to focus on providing attractive risk-adjusted returns across all market environments from a diversified portfolio of global credit opportunities.
It takes an unconstrained approach, investing in the full range of credit opportunities across the spectrum. This will include investment grade, high yield, emerging market debt, asset-backed securities, secured loans, and convertibles.
With maximum flexibility in mind, the fund will take an active approach to duration management, providing benefits in volatile markets or when interest rates are rising.
Mirabaud said ESG factors will also be considered as part of the portfolio construction process.
Commenting on the launch, Lake said: ‘We recognise that investors are seeking more flexible and agile fixed income solutions that can respond quickly to a spectrum of economic and market conditions to maintain attractive risk-adjusted returns, particularly in an environment of rising interest rates and increased market volatility.’