Neuberger Berman has announced the launch of its new Strategic Income Fund in Australia designed to offer investors access to a mix of fixed income assets which include investment grade, high yield and emerging market debt.
However, the fund said that unlike traditional fixed income products, the fund’s sector and duration allocation would be actively managed to adapt to changing market conditions.
It would adopt a flexible multi-sector bond strategy and invest the fixed-income universe with the ability to go beyond the benchmark.
“We believe a flexible bond strategy is the best way to navigate the market in uncertain times, and our strategy seeks to provide high current income whilst preserving capital in turbulent markets,” said Matt Thompson, Head of Intermediary Distribution at Neuberger Berman.
“Year after year, no one fixed income sector consistently outperforms. A dynamic and flexible approach to fixed income is required to capitalize on investment opportunities amidst changing market conditions.”
Neuberger Berman’s fixed income and multi-sector specialists included Brad Tank, chief investment officer, Ashok Bhaita, deputy chief investment Officer and Jon Jonnson, senior portfolio manager, who each have more than 20 years’ experience.