IXIS Asset Management Australia has secured a $450 million global bond mandate from ColonialFirstState for the FirstChoice platform.
The mandate will be managed by IXIS Australia affiliate Loomis, Sayles & Company, which will allow local retail investors access to Loomis Sayles’ global bond capability through FirstChoice’s multi-manager fixed interest option.
In addition to traditional global bonds, the mandate will allow Loomis Sayles to tap into high-yield securities, emerging market debt and senior bank loans as additional sources of excess return.
Through IXIS Australia, Loomis Sayles now manages more than $3.6 billion on behalf of Australian investors in fixed income and equity.
IXIS Australia is part of the international IXIS Asset Management Group, which as of December 2006 managed US$617 billion worldwide.
