Citywire - For Professional Investors

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Credit Suisse launches target-dated bond fund for star duo

Credit Suisse launches target-dated bond fund for star duo

Credit Suisse has launched a new target-dated bond fund to further build on the appetite for short-dated debt strategies in the current market.

This new approach will be managed by the Singapore-based bond team that ran the 2019 fixed maturity fund, which rocketed to €3.33 billion in assets under management in three months.   

The new Credit Suisse (Lux) Fixed Maturity Bond Fund 2022 S-III launched on 22 September as a Luxembourg-domiciled fund and is managed by Citywire A-rated managers Adrian Chee and Lei Zhu.

The Ucits-compliant strategy targets US dollar-denominated corporate and quasi-sovereign bonds from Asian issuers, with a final maturity up to 31 March 2022.

More than 50% of bonds in the portfolio must be issued by Asian issuers and investments will include investment-grade and noninvestment-grade bonds.

The launch comes more than one year on from the hard-closure of the hugely popular CS Nova (Lux) Fixed Maturity Bond Fund 2019’s, which closed in July ahead of its planned September close due to the surprisingly large inflows.

As a follow up to this, Credit Suisse since unveiled a series of predefined maturity bond funds. These include the CS (Lux) Fixed Maturity Bond Fund 2021 S-2, launched in April 2017 and the CS (Lux) Fixed Maturity Bond Fund 2020 S-1, launched in September 2016.

The new fund’s subscription period was first opened on August 28 and will remain open until the end of November 2017.

The Credit Suisse portfolio manager duo Zhu and Chee also oversee the CS (Lux) Asia Corporate Bond and CS (Lux) Asia Local Currency Bond funds.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.