Eaton Vance fund targets income stability amid volatile markets

Eaton Vance Management has expanded its international credit offering with the launch of a multi-sector income vehicle.

Eaton Vance fund targets income stability amid volatile markets


Available from 22 June, the UCITS-qualified Eaton Vance Multi-Sector Income Fund will target debt opportunities utilising a flexible, bottom-up approach across global markets and sectors.

Lead manager Kathleen Gaffney, co-director of Eaton Vance’s diversified fixed income division, will seek a variety of fixed and floating rate income investments, including corporate credit, government debt, convertible bonds and asset-backed securities.

Supported by Stephen Concannon, Michael Turgel and Henry Peabody, Gaffney cited increased market volatility as the driver behind the decision to launch the fund, which aims to minimise the impact of cyclical market influence on its returns.

She said: “The uncertainty surrounding the Federal Reserve’s interest-rate policy has undoubtedly created a more volatile fixed-income market, which is expected to result in increasing price gaps and the creation of value in the credit markets.”

Domiciled in Ireland, the fund is available to both UK and European institutional investors.