Royal London Asset Management (RLAM) has teamed up with PortfolioMetrix to launch an offshore government bond fund.
The RL Global Government Bond fund is managed by Gareth Hill and Paul Rayner, who also run RLAM’s £1bn UK-based International Government Bond fund.
It will invest across global bonds across the UK, US, Japan, Europe, Canada and Australia targeting relative value while exploiting cross-market inefficiencies created by diverging fiscal and monetary policies. It is benchmarked against the JP Morgan GBI Global Hedged USD index.
Alex Funk, CIO UK at PortfolioMetrix, commented: “By co-designing with Royal London Asset Management, we turned a real portfolio gap into the RL Global Government Bond fund. A fixed income solution that offers global, disciplined sovereign exposure, built on a proven track record that helps our adviser partners deliver consistent, long-term outcomes for clients.”
Ed Venner, chief client officer at RLAM, added: “We are grateful for the opportunity to collaborate with PortfolioMetrix to co-create a solution that will meet the needs of their clients. We anticipate this new strategy will also benefit other fixed income investors in the UK and internationally, who can invest through our Dublin-based fund.
“The RL Global Government Bond fund combines the benefits of a long-term strategic view, with a tactical overlay to target outperformance over time with reduced volatility. The strategy is built not just to weather uncertainty, but to thrive in it.”
Investors in the UK (including the Channel Islands), Ireland, Germany and Switzerland can access the fund. It is available in US dollar, sterling hedged and euro share classes.