Australian QIC has launched two Dublin-based Absolute Return Global Bonds funds - the first a ‘higher risk' UCITS III fund with a 10-12% pa net return objective and the second is a ‘lower risk' UCITS III fund with a cash + 3% pa net return objective.
QIC confirms that these funds have been launched with around €120m AUM and “directly replicate the highly-rated investment process and team behind the $500m+ Alpha Fund (AUD) absolute return global bonds strategy, now with a track record approaching six years.”
Managing around $50bn in absolute and long-only benchmark bond mandates, QIC says its Global Fixed Interest (GFI) team has an “enviable track record of delivering attractive absolute returns (Sharpe of about 0.7) across both falling and rising interest rate environments.”
QIC describes itself as being one of Asia’s leading bond investors, having a purely institutional perspective and Australian mindset (Asian time zone, commodity-rich, recession-light, recovery/rising/higher interest rates) which make for significant differentiators and potentially strong diversifiers in the space. Investment managers and advisers may know of QIC from their position on the Lyxor managed account platform.
“As managers of assets for around half of the largest 25 funds in the world's fastest-growing pensions market (destined shortly to be the world's 4th largest pension fund market), the QIC team has a unique take on the role and benefits of long-term savings at a time when sustainability is being openly questioned in Europe.”
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