British fund manager Schroders has rolled out its first credit income fund that will aim to offer attractive income while managing downside risk.
The fund, dubbed Schroder ISF1 Global Credit Income, will be unconstrained and invest across global credit markets, including investment grade, high yield, EM sovereign & credit, and asset backed securities.
The vehicle will be co-managed by Patrick Vogel and Michael Scott.
Commenting on the new fund, Vogel said: “Unlike funds that aim to outperform their benchmarks, where the funds’ total returns are largely governed by their benchmarks, the principal aim of this fund is to deliver a consistent and attractive income.
“Achieving this requires a more flexible strategy, where the investment team has the freedom to allocate across the broad global credit universe, aiming to capture the best opportunities and mitigate the risks, making our clients’ capital work harder for them.”