Mirabaud Asset Management is launching a new Global Diversified Credit fund, which it claimed will cater for investor desires for "more flexible and agile fixed income solutions".
Andrew Lake, head of fixed income at Mirabaud Asset Management, said the new fund would take an unconstrained approach investing in the full range of credit opportunities across the rating spectrum, including investment grade, high yield, emerging market debt, asset-backed securities, secured loans and convertibles.
Mr Lake said the fund will take an active approach to duration management.
He said: "We recognise that Investors are seeking more flexible and agile fixed income solutions that can respond quickly to a spectrum of economic and market conditions to maintain attractive risk-adjusted returns, particularly in an environment of rising interest rates and increased market volatility."
He added that managers would consider environmental, social and governance factors are also carefully considered as part of the portfolio construction process.
The fund will be managed by Mr Lake and Fatima Luis, senior fixed income portfolio manager.
Mr Lake said they have extensive experience in multi-credit fixed income investing and currently manage the Mirabaud Global Strategic Bond fund, implementing dynamic decisions at different times in the economic cycle.
Philip Milton, senior independent financial adviser at Philip J Milton & Co in South Devon, said there was definitely an appetite for alternatives to investment grade bond funds, which are both risky and not yielding very much at present.
He said: "It is difficult to see whether this fund in particular hits the sweet spot though."