The Diversified Bond fund will be managed by a team of investment managers from three firms; Payden & Rygel, Brigade Capital Management and TwentyFour Asset Management.
It will aim to generate income by investing across global fixed-interest markets and has been classified as lower-medium risk.
According to SJP, the strategy ‘blends three independent but complementary managers’, who each access multiple sources of return from various parts of the credit markets including sovereign debt, investment grade corporate bonds, European high-yield and US high-yield.
The second launch is the Strategic Income fund managed by a joint UK and US team comprising MidOcean Credit Partners, Schroders, BlueBay Asset Management and TwentyFour Asset Management. The fund will primarily invest in fixed-interest assets, aiming to provide investors with a ‘strong and sustainable income, with low reliance on equity markets and low sensitivity to interest rates.’
This fund combines four individual strategies. There are three managers specialising in different regions, plus a high-dividend equity strategy. The fixed-interest elements of the fund cover US, European and emerging market high-yield bonds. The equity income element of the fund focuses on high-dividend equities, but will also use derivatives strategies to enhance income and a volatility control overlay to reduce downside risk, SJP said.
“The launch of these new strategies reflects our commitment to continually develop our range of funds, ensuring that our clients have access to a range of investment solutions to help them achieve their long-term objectives,” said chief investment officer Chris Ralph. “This is of particular significance in the evolving retirement landscape, where pension investors have an increased need for sustainable, alternative sources of income.”
