The Ucits-compliant fund, domiciled in Luxembourg, will be managed by Andres Sanchez Balcazar, co-head of global and regional bonds at Pictet.
Mr Sanchez Balcazar said: “We identify long-term themes that are based on facts and are quantifiable.
“Our aim is to build a robust portfolio that is liquid, well-diversified and independent of a single scenario or forecast.
“After three decades of falling interest rates, bond investors would do well to look at an approach to bond investing that is not tied to a fixed income benchmark and can invest globally across all sectors.”
The fund targets an annual return of between 3 and 4 per cent more than cash, gross of its fees, and is available in dollar, euro and Swiss franc share classes.
Patrick Connolly, certified financial planner at Chase de Vere, said: “With fixed interest investments facing a number of potential headwinds, including the likelihood of interest rate rises at some point, we advocate selecting managers with a flexible mandate who have the best opportunities to avoid any fallout. This fund certainly ticks that box, although we prefer to use UK-domiciled funds with a sterling share class and are particularly sceptical about any fund with ‘Absolute Return’ in its name.”