Mediolanum International Funds Limited has launched a global, flexible fixed income strategy, to be managed by PIMCO alongside other asset managers in due course.
The fund, Mediolanum Best Brands Dynamic Bond, will invest across government bonds, credit – both investment grade and high yield – and emerging market debt, alongside securitised instruments. Duration and sector allocation will adapt to market opportunities as and when they arise.
PIMCO has been appointed the first of the fund’s managers. However, in-line with Mediolanum’s other funds in the Best Brands range, other asset managers will join the portfolio over time to adopt a multi-manager approach.
See also: PGIM launches global private credit fund
Mediolanum Best Brands Dynamic Bond will join 70 existing sub-funds under the Best Brands UCITS umbrella, including the likes of World Innovative Leaders, Global Impact, Global Small Cap Equity and Global High Yield.
Luca Matassino, chief business officer at Mediolanum International Funds, said: “Mediolanum Best Brands Dynamic Bond is a new solution designed to complement our existing fixed income range, rather than overlap with it.
“Thanks to its distinctive features, the strategy broadens the tools available to investors and strengthens the core bond component of our clients’ portfolios, expanding diversification opportunities through a more flexible, actively managed approach.”
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Christophe Jaubert, CIO of Mediolanum International Funds, added fixed income funds have become “considerably more complex to navigate in recent years”.
“Mediolanum Best Brands Dynamic Bond is built around five core pillars: diversification, income generation, active duration management, selective currency exposure and the ability to capture opportunities from market inefficiencies, giving investors genuine flexibility across the global fixed income spectrum, with disciplined risk control at its core.”
