Capital Group has launched global corporate bond fund to its fixed-income offering.
Capital Group global corporate bond fund (LUX) is the most recent addition to the Luxembourg domiciled Ucits fund range, and is part of a multi-year, strategic plan to give clients based in Europe and Asia, and non-resident clients (Latin American offshore), access to Capital Group’s long-standing US strategies.
The fund joins a growing range of fixed-income funds launched in the past year, including Capital Group US high yield fund (LUX) and Capital Group US corporate bond fund (LUX). It provides exposure to investment-grade corporate bonds with no ‘scope creep’ into high-yield bonds. It adopts a fundamental, research-driven well diversified and quality-orientated approach to corporate bond investing.
Hamish Forsyth, European president of Capital Group, added: “Capital Group is building out its fixed income fund range for investors in Europe and Asia and this most recent launch completes a suite of corporate bond funds across EUR, US and global strategies.”
Capital Group manages more than $1.6trn of assets under management.