Mirabaud Asset Management has launched a five-year fixed maturity bond strategy to take advantage of attractive yields across global credit.
According to the asset manager, the strategy is designed for European investors to get ahead of anticipated rate cuts by locking in higher yields now.
“The globally diversified portfolio will focus on investment grade bonds from developed markets, with an allocation to high yield where there are interesting opportunities to enhance the return potential,” it added.
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The strategy, designed to be held to maturity in December 2029, will be managed by Al Cattermole and Fatima Luis, both investors in the global credit sector, and will leverage the expertise of the wider fixed income team to closely monitor the credit profile of bond issuers. The team targets higher quality issuers to minimise default risk.
The strategy, to be launched tomorrow, will be available to professional investors only across Europe, in particular, in Luxembourg, France, Italy, Spain and Switzerland.
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Andrew Lake, head of fixed income at Mirabaud Asset Management, commented: “We believe there is a great opportunity for investors to lock in over 4% gross yield to maturity for the next five years, in an environment where we expect European yields to decline. This compares favourably with government rates available across Europe and offers investors a simple, transparent fixed income solution managed by an experienced team with an excellent track record”.
