ING launches multi-credit fund

The ING (L) Renta First Class Yield Opportunities fund is a multi-strategy credit portfolio invested in global high yield, investment grade credit as well as emerging market debt.

ING launches multi-credit fund

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Ewout van Schaick and Roel Jansen jointly manage the portfolio, setting the fund’s investment policy and deciding on the top down allocation across the various credit asset classes. Van Schaick is head of multi-asset strategies at ING IM while Jansen is head of European investment grade credit.

Bottom-up, issue selection is done by the various specialist credit teams from across ING Investment Management.

Hans Stoter, chief investment officer at ING Investment Management, said: “Global credit markets have proven to be an attractive investment over time and can be an attractive diversifier for a government bond oriented fixed income portfolio. Returns across global credit markets as well as returns over time deviate significantly, which illustrates the importance of dynamic asset allocation.

"The need to fully understand the issuers and issues and to select the bonds with the most favourable estimated risk-adjusted returns requires analysis by credit specialty teams.”

Soft launched earlier this month, the fund was seeded with €35m in assets.

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