EFG and Pam in bond foray

Professional Adviser
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EFG Private Bank Limited and Partners Asset Management (Pam) have jointly launched a credit-focus...

EFG Private Bank Limited and Partners Asset Management (Pam) have jointly launched a credit-focused fund able to invest in all fixed income asset classes. The New Capital Total Return Bond fund, seeded with $6.5m on 15 August, is Dublin-Ucits listed and aims for consistent returns throughout the economic cycle. It will be managed by Moz Afzal, head of investment management at EFG and Paul Brain, CIO at Pam. It will look to buy a combination of sterling, euro and dollar-listed bonds. The average credit rating for the fund will be BBB, however Afzal said if credit becomes expensi...

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