London-headquartered Schroders has launched the Schroder ISF Global Credit Value that will apply a value investment style to invest in the global credit universe.
The non-benchmarked fund, launched on 18 January 2017, will invest in bonds of corporate and financial issuers (including developed and emerging markets), convertibles and other securities.
It will be run by the credit team based in London, managed by Konstantin Leidman with the support of over 40 analysts.
Konstantin Leidman, fixed income fund manager at Schroders, said: “We will focus on sectors and regions that have been hit hard by negative investor sentiment and aim to identify issuers in these groups that have been undeservingly punished. They may be unloved due to some political or other bias, or simply unfashionable; overlooked or under-researched where investors are absent and valuations are very cheap.
“Our philosophy is based on minimising the risk of permanent capital loss and applying a large margin of safety – or discount – which means we aim to buy bonds for significantly below their intrinsic value to maximise returns and minimise losses.”
Schroders had €433.5bn of assets under management as at 30 September 2016.