Responding to what Pioneer says is sustained demand for outcome-orientated multi-asset products, the Absolute Return Multi Strategy fund has been listed on the London Stock Exchange since 18 August.
Managed by Davide Cataldo, Pioneer’s head of multi-strategy portfolios, the £250m Luxembourg-domiciled SICAV utilises an unconstrained investment approach, targeting opportunities across the global asset class spectrum.
The new sterling-hedged N-share class carries an annual charge of 0.6% plus a performance fee high-watermark of 15% above benchmark.
David Hanratty, Pioneer’s head of UK & Ireland distribution, said: “In today’s investment environment an allocation to this strategy could meaningfully enhance the risk-adjusted return of traditionally constructed portfolios, as it aims to maintain a low correlation to mainstream asset classes and targets consistent, positive medium term performance.”
