The Baring Global Bond Trust has been converted into a more flexible fixed income product, the Baring Strategic Bond Fund. It will be managed by Guy Dunham, Head of Global Aggregate and Richard Balfour, Fixed Income Investment Manager.
Baring Asset Management says the Baring Strategic Bond Fund will aim to deliver consistent performance in a range of different market environments and will be not tied to a benchmark. It will be unconstrained in its investment remit and draw from a wide range of different sources, including government and sovereign bonds in developed and emerging markets; investment grade and high yield corporate bonds; and, currencies and derivatives.
Head of UK Wholesale at Baring Asset Management Rod Aldridge said: “The low interest rate environment and wider market volatility is driving significant demand from investors for more flexible fixed income products that are able to generate strong and consistent returns. We believe that combining assets from around the globe can increase returns and reduce risk, while actively allocating between sectors can also enhance performance.
“Barings has a track record of successfully managing fixed income portfolios for over 35 years and the development of the Strategic Bond Fund will complement and capitalise on Barings’ specialist investment knowledge. The Baring Strategic Bond Fund and dedicated team behind the Fund will showcase our global fixed income market expertise.”
Baring Strategic Bond Fund aims to achieve long-term capital growth together with income. It is structured as a UK Authorised Unit Trust.