The BNY Mellon Evolution Global Strategic Bond Fund, Dublin-domiciled and Ucits III compliant, follows an absolute return objective and invests across the full spectrum of fixed income securities.
These include sovereign bonds of developed and emerging economies, inflation-linked bond, investment grade and high yield corporate bonds and currencies.
“We believe that high levels of volatility and ongoing dislocations in the global credit markets offer investors opportunities to reap attractive returns from bonds as the global economy recovers and inflationary pressures begin to build,” said Standish CEO Desmond MacIntyre.
Managed by the global fixed income team at Standish, comprised of 88 investment professionals under the management of CIO David Leduc, the fund will make use of fixed income derivatives in order to add value by managing duration at times when bond yields are rising.
The derivatives strategy is akin that employed by BNY Mellon’s Global Dynamic Bond Fund, launched in September and managed by Newton Investment Management, which uses derivatives to produce a negative government bond duration during times of rising yields.