Fixed Income  

Threadneedle launches global corporate bond fund for Ross

Threadneedle has launched a Luxembourg-domiciled global corporate bond fund for Alasdair Ross.

The Threadneedle (Lux) Global Corporate Bond fund will aim to generate returns through investing “principally in diversified investment grade bonds”.

The fund will aim to deliver a return of 150 or 175 basis points more than its benchmark index, the Barclays Capital Global Aggregate Corporates index hedged to dollars, in rolling three-year periods.

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The fund will be available to UK investors through a retail share class with an ongoing charges figure (OCF) of 1.3 per cent or an institutional share class with an OCF of 0.7 per cent.

Mr Ross is currently the lead manager on three UK-domiciled Threadneedle corporate bond funds, as well as co-managing the popular Threadneedle Credit Opportunities fund.