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.
