PSigma Investment Management has started offering clients a bond fund that selects only securities expected to redeem by 2016.
The firm, which is part of the UK consulting group Punter Southall and has around £1.3 billion (€1.5 billion) of assets, says that by targeting a “redemption window”, clients should get more predictable and stable returns, and be able to minimise duration risk.
The fund is a joint project with London-based TwentyFour Asset Management and is called the TwentyFour Focus Bond Fund. It target corporate bonds in international markets, and aims for a yield of 7% net of charges.
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