DekaBank launches new global bond fund
German DekaBank has launched Deka-Renten Strategie Global, a new global bond fund.
The fund is open to investments in both developed and emerging market bonds, alongside sovereign bonds it also includes high yield, corporate, mortgage and convertible bonds.
Investment opportunities can have varying credit ratings although the minumum level is set at a B- according to Standard & Poor’s ratings. At least have of the debt should be denominated in Euro.
The fund is part of DekaBank’s total return product range, aimed at actively selecting investment opportunities within global bond markets, the fund’s management is actively centered on bonds with higher volatility levels than traditional European bond investments.