Asset manager Amundi has launched a bond fund as part of its “buy and watch” product range of income products.
The range forms part of the Amundi Fund Solutions Sicav and the fund will use a conservative approach, selecting bonds from all sectors in developed and emerging markets, Amundi said.
Ratings will be weighted at around 70% for investment grade and around 30% for high yield, with an average rating of BBB-, according to the French asset manager.
The fund aims to pay an annual coupon and matures in June 2025. Amundi recommends investors – who have nine weeks to subscribe – remain invested for the full six years to take advantage of income and capital appreciation.
“In a world of persistently low interest rates, investors are looking for new ways to get attractive returns on their investments,” said Jean-Marie Dumas, the firm’s head of fixed income solutions.
A Luxembourg Sicav, the fund will be registered in various countries across Europe including Czech Republic, Slovakia, Germany, Spain, Austria, Finland, the Netherlands, Hungary.
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