According to the firm, the fund was launched as a direct result of its decision to restrict inflows to its Dynamic Bond Fund earlier this year on size concerns.
“While the new Fund will have the same investment objectives and be managed using an identical investment process to Dynamic, Global Unconstrained Bond will have a greater number of stocks, a wider investment universe and therefore greater overall capacity,” it said.
Chief Executive Mark Holman added: “since restricting inflows into our flagship Dynamic Bond Fund at the beginning of the year, we have received a number of requests to launch a strategic fund with global reach. This new Fund aims to provide investors the opportunity to access a genuinely unconstrained bond fund, which is actively managed from the top down as well as the bottom up.”
Launched on 30 November, with seed capital of £150m, the fund is a subfund of the Vontobel Luxembourg SICAV platform, and has a sterling, dollar, swiss franc and euro share classes.
According to the firm, the fund will sit in the IA Global Bond Sector and will aim to provide: “an attractive level of income along with an opportunity for capital growth by investing in a broad range of bonds and fixed income assets.”
