Capital Group has partnered with Deutsche Bank Private Bank to distribute the Capital Group multi-sector income (MSI) fund to its clients globally, including in Hong Kong and Singapore.
The fund is available to professional investors only in Hong Kong. It is an article 8 fund under SFDR.
The MSI fund will complement Deutsche Bank Private Bank’s ESG strategic asset allocation funds, which offer investors access to Deutsche Bank’s core index multi-asset solution, Capital Group said in a statement.
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.
“Around the world, many investors have taken flight from markets into cash. However, as the Fed rate hikes near an end, history shows that fixed income outpaced cash after the Fed finished hiking rates,” said Grant Leon, head of financial intermediaries for Europe and Asia at Capital Group.
“We believe it is time to make the shift out of cash. Taking a multi-sector approach to fixed income could help investors better capture the income-generating power of bonds. With income back in fixed income, we are pleased to partner with Deutsche Bank Private Bank to offer their clients around the world access to a potential source of reliable income through MSI.”
“Capital Group multi-sector income fund provides attractive opportunities for our clients seeking a resilient income stream from key fixed income sectors without taking excessive risk in any single one. MSI allows our clients access to Capital Group’s strong active fixed income capabilities paired with our flagship DB ESG strategic asset allocation offering,” said Marco Zamberletti, global head of advisory solutions at Deutsche Bank Private Bank.
