TwentyFour Asset Management has replaced its Sustainable Strategic Income fund with a new multi-asset credit fund.
The Vontobel Fund – TwentyFour Multi-Asset Credit fund, which is managed by the firm’s multi-sector bond team, has replaced the old mandate following “evolving client needs”, as well as an increase in investor demand for multi-asset credit exposure and higher levels of income.
The fund will aim to achieve attractive levels of income and total returns through investing across a wide range of fixed income assets.
The previous TwentyFour Sustainable Strategic Income fund aimed to achieve income and growth by allocating at least 50% of the portfolio to Article 8-classified assets under SFDR. Historic performance data for the fund is no longer available.
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Eoin Walsh, partner and portfolio manager at TwentyFour, said: “In today’s environment, many investors are looking for solutions that can deliver income without sacrificing flexibility.
“A pure credit approach allows the portfolio management team to focus on where we see the strongest risk-adjusted opportunities.”
Alistair Wilson, partner an head of sales at TwentyFour, added the firm has been running its multi-asset credit strategy since 2015 through segregated mandates.
“[This] has since expanded to include a US MAC fund,” he said. “This new public fund offers daily dealing, providing investors with a liquidity advantage over the many monthly and quarterly dealt funds in this space.
“TwentyFour MAC sits on the Vontobel Fund Luxembourg SICAV platform, making it available globally via Vontobel’s network.”
TwentyFour Asset Management was bought in full by Vontobel in 2021.
