Investments  

Pictet launches global bond fund

Pictet launches global bond fund

Pictet has launched a global bond fund which can invest across all geographies and segments of the market.

The Pictet Global Fixed Income Opportunities fund is aimed at investors who are willing to take a higher level of risk with the aim of achieving higher returns.

It will be managed by Andres Sanchez Balcazar, Pictet's head of global bonds, and senior investment managers Sarah Hargreaves, David Bopp, and Thomas Hansen.

Mr Sanchez Balcazar said: "We take an approach to bond investing that is not tied to a fixed income benchmark. This way, we can look for attractive investment opportunities across the whole fixed income market to benefit from market volatility and relative value trades.

"Due to the fund’s higher risk profile, we aim to deliver higher returns than those of the average absolute return global bond funds."

The fund has a target return of between 6 and 8 per cent above cash per year, before fees.

Darius McDermott, managing director at Chelsea Financial Services said: "I don’t know this team but Pictet do run a lot of fixed income money but are not well known for that in the UK. Pictet are making an increasing presence in the UK market and the higher risk reward may suit those looking for higher yield."

david.thorpe@ft.com