Capital Group, an active investment manager with more than $2.8trn AUM has partnered with Bank of Singapore to distribute the Capital Group Multi-Sector Income fund (Lux) (“MSI”) to clients in its global network. It is the first Capital Group fund made available to Bank of Singapore’s clients, according to a statement by the US asset manager.
MSI combines four key fixed income sectors with distinctive income characteristics – investment-grade corporate bonds, high-yield corporate bonds, emerging market bonds and securitised credit – in a single portfolio, offering the potential for reliable income.
Other features of the fund include diversification with four income drivers, flexibility to tilt exposure in changing markets and a balanced risk profile.
“Recent market uncertainties have been challenging to investors and underscore the benefits of holding bonds with duration as portfolio ballast. Investors should continue to expect diversification benefits, especially as central banks like the Fed focus on combating weak growth and employment rather than inflation,” said Jeik Sohn, Head of Singapore and Southeast Asia Client Group, Capital Group.
“Taking a multi-sector approach to fixed income can help investors capture income through a differentiated strategy of holding both high quality and high yielding bonds. We are pleased to partner with Bank of Singapore to offer their clients around the world access to a potential source of reliable income through Capital Group Multi-Sector Income Fund (LUX), our first fund on the Bank’s platform,” he added.
Consistent with Capital Group’s investment approach, MSI is managed by multiple portfolio managers, rather than a single manager. It has six portfolio managers with an average investment industry experience of 25 years.
