Eaton Vance Management International, part of Eaton Vance Management, has opened its multi-sector income fund to UK and European investors.
The fund, which is Ucits compliant, is domiciled in Ireland. It relies on a bottom-up security selection and a multi-sector approach to investing accross the income markets.
The fund is invested in both fixed and floating rate, including corporate bonds, US and non-US government securities, mortgage related and other asset backed securities, as well as convertible securities.
Kathleen Gaffney, CFA, co-director, Diversified Fixed Income manages the fund, alongside Stephen Concannon, Michael Turgel and Henry Peabody.
Commenting on the fund’s inception, Gaffney said : “The uncertainty surrounding the Federal Reserve’s interest-rate policy has undoubtedly created a more volatile fixed-income market, which is expected to result in increasing price gaps and the creation of value in the credit markets.
“The fund looks to exploit these gaps by using a credit focused multi-sector approach to investing – which we believe is the best way to find opportunity in income markets today.”
Niall Quinn, Managing Director, EVMI, added : “As the central banks across the world make key decisions this year, it is important that investors have access to strong performing income strategies that provide broad exposure to the global income markets. ”
Founded in 1924, Eaton Vance and its affiliates managed $311bn (€274.5bn) in assets as of 30 April 2015.