Schroders has launched a global credit fund in response to investor demand for “more flexible strategies” in the space that seek total returns.
The Schroder Global Multi Credit fund, to be managed by European credit head Patrick Vogel and the fund house’s London team, will invest across global markets, focusing on areas such as investment grade, high yield, emerging markets, asset-backed securities, municipals and convertibles.
The fund will not be constrained by a traditional benchmark and will implement a themes-based investment and research process already used across four other credit strategies run by the team.
Mr Vogel said: “There is a strong demand for flexible credit strategies aiming for total returns. This unconstrained strategy has the flexibility to capture opportunities in global credit, allowing us to take advantage of non-synchronous credit cycles to deliver return.”
Earlier this year it emerged Schroders’ asset-backed securities fixed income team was to double following a deal to bring across credit specialists from Brookfield Investment Management.
Schroders currently manages around €20bn (£15.6bn) in European and global credit strategies.