Asset Management
What's New In Investments, Funds? – Standard Chartered, PIMCO
The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.
Standard Chartered, PIMCO
Standard
Chartered has launched a multi-sector credit fund, Signature
Select Global Income Plus, under Singapore’s variable capital
company.
The bank is partnering with US-headquartered fund management group PIMCO.
The managers of the fund aim to capture the best ideas from PIMCO across the credit spectrum including high yield bonds, emerging market debt and bank loans. The purpose of the fund is to offer diversified total returns with lower volatility and effective mitigation of down-moves by the market.
The fund – Signature Select Global Income Plus – provides monthly distribution, and meeting preferences of income-seeking clients, Standard Chartered said in a statement yesterday.
The fund is available to high net worth clients from Standard Chartered’s private, priority private and priority segments with accredited investors and/or professional investors status, based in Singapore, Hong Kong, the United Arab Emirates and Bahrain. Standard Chartered plans to launch the fund to other markets in the coming months.
Standard Chartered set up its VCC in June 2024.