Insight is bringing its Absolute Insight Credit fund to market this quarter to be run by Alex Veroude, head of credit at the group.
While the Dublin-domiciled fund will be initially marketed at professional investment and discretionary managers, it will also have a minimum investment of £3,000, as per the other funds in the Absolute Insight range, as the group recognises credit funds as a viable option for the retail space.
The flexible vehicle will have a global spread, investing in corporate and government paper and is Ucits III compliant.
Sonja Uys, Absolute Return product specialist at Insight believes the timing is right to launch, with a lack of credit-focused funds currently available in the retail space.
The paper portfolio, run by Veroude, has achieved Libor plus 500 to 600 basis points over one year, according to Uys.
The fund is expected to join the other funds in the range, Emerging Market Debt, Currency, European Equity, International Equity and UK Equity funds, all currently being managed by a team of portfolio managers at Insight, which all saw their minimum investments reduce from £250,000 in February.
The Credit fund will have fortnightly pricing and liquidity, and is expected to sit in the IMA Absolute Return sector alongside the others in the range.Investment Week
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