Corporate Bonds  

Capital Group's European push continues with new bond fund

Capital Group's European push continues with new bond fund

US investment giant Capital Group is continuing its push into the European market with the launch of a Luxembourg-domiciled Ucits version of its corporate bond fund.

The Capital Group US Corporate Bond fund will be the fourth product from the $1.4tn (£1.15tn) US investment house to be launched in Europe in the past two years.

The Ucits version will be launched on March 21 and will follow the same strategy as the US-domiciled fund, investing in principally investment-grade US corporate bonds.

Capital Group has already launched Luxembourg-domiciled Ucits versions of its Investment Company of America, New Perspective and New World funds in recent years, which have gathered more than $1bn in new assets so far.

Fund charges were not disclosed.