British fund manager Schroders has launched its first global multi credit fund that will invest across international markets.
The newly launched fund, Schroder ISF Global Multi Credit fund, will invest in investment grade, high yield, emerging markets, asset-backed securities (ABS), municipals and convertibles.
Schroder ISF Global Multi Credit fund will be managed by the firm’s London-based credit team along with Patrick Vogel, who is head of European credit at Schroders Investment Management.
Vogel said: "There is a strong demand for flexible credit strategies aiming for total returns. This unconstrained strategy has the flexibility to capture opportunities in global credit, allowing us to take advantage of non-synchronous credit cycles to deliver return."
Schroders operates from 38 offices in 28 countries, managing nearly £324.9bn of assets under management (AUM).