Mirabaud Asset Management has launched a five-year fixed maturity bond strategy to take advantage of attractive yields across global credit.
In a statement on 24 April, the Geneva-headquartered international manager said that with global fixed income yields at levels not seen since 2008, the strategy was designed for European investors to get ahead of anticipated rate cuts by locking in higher yields now.
A 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.
The strategy will be managed by Al Cattermole and Fatima Luis, both seasoned 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 launches on 25 April and will be available to retail and professional investors in Luxembourg, France, Italy, Spain and Switzerland.
It is designed to be held to maturity in December 2029.
Andrew Lake, head of fixed income at Mirabaud Asset Management said: “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”.
