The fund house said it has established a global macroeconomic strategy group because it believes traditional fixed income boundaries between developed and emerging markets are increasingly less relevant.
The group will incorporate members of the firm’s existing government bond and emerging market debt teams who will form EM and DM strategy teams and formulate strategy on a range of interest rate, currency, derivatives and credit types.
A number of new roles, including a senior Asia-based fixed income manager will be announced in the near-term, while a new EM corporate credit fund manager based in London is also on the cards.
Further appointments will be made in due course, Threadneedle said.
Jim Cielinski, head of fixed income, added: "This new approach acknowledges the seismic shift in fixed income markets that has been experienced post the credit crunch. I have discussed this theme extensively with investors over the past year."
He said the new structure recognises markets are continuing to evolve and should better enable Threadneedle to respond to these changes.
It is also supposed to fit more consistently with Threadneedle’s approach of ‘idea-sharing and debate’.
The new strategy group will draw on Threadneedle’s 42-strong fixed income team, which manages over £27.5bn in assets.
