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Capital Group, the investment house, has launched a bond fund for Singapore-based clients.
The firm is launching Capital Group Global Total Return Bond Fund (LUX) (GTRB), it said in a statement.
This Luxembourg-domiciled UCITS fund’s objective is to maximise total return over the long term. The fund invests worldwide primarily in investment grade bonds and high yield bonds of governmental, supranational and corporate issuers and in other fixed income securities. It may also invest in financial derivatives, which may include risks associated with volatility and liquidity issues, Capital Group said.
Capital Group manages more than $1.9 trillion of client money.