Challenger launches absolute return fund in parthership with Standard Life

Australian investment management firm Challenger has launched the Absolute Return Global Bond Strategies fund in partnership with Standard Life Investments.

Under the partnership, Standard Life Investments has been appointed investment manager and Challenger will have exclusive distribution rights to Australian retail channels.

The new fixed income product is aimed to retirees “looking for low risk products that can provide them with a steady stream of income that’s not linked to the market cycle, with some capital growth,” said Richard Howes, chief executive distribution, product and marketing at Challenger.

Standard Life Investments head of Australasia, Simone Bouch, said: “The fund has already been well received by institutional investors here in Australia. With over AUD $2bn in AUM globally and a strong performance track record behind it, we are confident that the strategy will attract a growing Australian retail investor base.”

The fund targets an initial distribution rate of 2.5% a year with distributions paid quarterly.

ABOUT THE AUTHOR
Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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