Premier Miton Investors  

Premier Miton launches bond funds for ex-Merian team

Premier Miton launches bond funds for ex-Merian team
 Credit: Bloomberg

Premier Miton has added two funds to its range for its fixed income team, recently bolstered by a series of hires from Merian Global Investors.

The fund house hopes the Premier Miton Strategic Monthly Income Bond fund and Premier Miton Financials Capital Securities fund, launched today (September 14), will diversify its fixed income fund range.

The funds will be managed by Lloyd Harris, Simon Prior and Rob James. Premier Miton hired the trio in June after they were let go by Merian when it bought Jupiter.

Both new portfolios mirror the Merian Monthly Income Bond and Financials Contingent Capital funds the team ran at their previous employer.

Mr Harris, head of fixed income, said: “In an environment where the search for income continues, we are delighted to be launching these two new, distinctive, income generating funds. 

“The Premier Miton Strategic Monthly Income Bond fund allows the investment team to use their proven experience to offer an actively managed portfolio of different types of bonds. 

“The Premier Miton Financials Capital Securities fund will give professional investors access to a specialist source of income through an actively managed portfolio of debt securities, issued by carefully chosen financial institutions.”

Mr Harris will manage both funds, while Mr Prior will join him for the Strategic Monthly Income Bond fund and Mr Jones will co-manage the Financials Capital Securities fund.

The Strategic Monthly Income Bond fund will invest in an actively managed, diversified portfolio of bonds across the range of the credit spectrum.

The core of the fund will be investment grade corporate bonds, but it will also invest in government and sub-investment grade bonds in order to provide an attractive yield and the opportunity for capital growth. It will sit in the IA Sterling Strategic Bond sector.

Meanwhile, the Premier Miton Financials Capital Securities Fund, part of the IA Specialist sector, will invest in an actively managed range of capital securities issued by financial institutions globally and will only be available to professional investors.

imogen.tew@ft.com

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