Gartmore has added two fixed income sub-funds to its Luxembourg Sicav. The two new bonds funds a...
Gartmore has added two fixed income sub-funds to its Luxembourg Sicav.
The two new bonds funds are focussed on the investment grade area of the European bond market.
The Gartmore Sicav European Corporate Bond Fund will invest in high-grade European corporate bonds
It is aimed at investors who seek higher risk-adjusted returns than those in traditional government bond funds.
The Gartmore Sicav European Bond Fund aims to combine the security of government issued-debt with the yield available from bonds issued by well-known and established global corporations.
Both funds will be managed by Richard Hodges who manages the Euro Gartmore Capital Strategy European bond fund.
Gartmore's fixed income investment philosophy is based on three beliefs: first, bond and currency returns are predictable and can be captured systematically through model driven forecasting; second, judgmental overlay used within a disciplined framework by experienced investors leads to superior performance; third, risk management is vital in ensuring consistency of returns and is an integral part of portfolio construction.
The two additions take the Gartmore Sicav up to eight sub-funds. All are registered for public marketing in 12 countries.
Steen Steincke, head of global bancassurance at Gartmore, said: 'We are extremely optimistic on the prospect for bond funds particularly in the current market environment.
'Interest in European assets and investment vehicles is growing, as seen by the recent strengthening of the euro.'
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