Nikko AM adds global credit fund to its Ucits line-up

Nikko Asset Management is launching a Luxembourg domiciled Global Credit Ucits fund on 3 August.

The fund aims to target an excess return of 1.5% against the Barclays Global Aggregate Corporate Index and also has an absolute return target of 4% by investing worldwide in a portfolio of 70-120 corporate bonds. The team adopts an active investment approach based on thorough fundamental research, taking advantage of mispricings in global credit markets.

It is managed by head portfolio manager Holger Mertens and supported by the firm’s Global Credit teams based in London, Tokyo, Singapore, Sydney, Auckland and New York.

Nikko AM has been launching more Ucits funds to its product line-up, to meet global investors’ evolving demand for exposure to diverse products and strategies. This is the latest, following the recent launch of a Japan Focus Equity Ucits and an Asia ex-Japan, Global Equity and Multi-Asset Ucits in 2015.

“We are launching the fund in response to investor need for consistent and sufficient returns in a low yield environment through a diversified and high quality credit portfolio. The need is increasing for a highly skilled active fund management team with truly global resources, and experience in different regions of the world,” said Nikko AM head of Global Fixed Income, Andre Severino.

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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