Neuberger Berman launches new income fund
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.
AUTHOR
Oksana Patron
Recommended for you
Magellan has closed out the financial year with funds under management approaching $40 billion and outlined its estimated performance fees.
First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.
Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.
