Wellington Management has partnered with Bank of China Hong Kong (BOCHK) to distribute its credit income strategy to retail investors in the city, a spokesperson has confirmed with FSA.
The Wellington Credit Income fund was launched in 2021 and approved by the Securities and Futures Commission in mid-2022. The UCITS vehicle for the fund is $192m in size, according to its latest factsheet.
The fund is actively managed, and seeks long-term total returns with a secondary focus on providing regular income.
It is managed by Campe Goodman and Rob Burn, who invest into a diversified portfolio of credits, excluding fossil fuels, controversial and conventional weapons, tobacco and cannabis.
Wellington Management announced the partnership in a Linkedin post, commenting: “This partnership stems from our shared values of providing Hong Kong investors with quality income solutions, helping them balance risk and long-term total return potential under today’s shorter and more volatile economic cycles.”
The partnership with BOCHK comes two months after Wellington partnered with DBS Bank Hong Kong to distribute its US Quality Growth fund in the city.
