Royal London Asset Management (RLAM) has rolled out the Royal London International Government Bond Fund. The product will concentrate on non-sterling-denominated government bonds and will be managed by global government bond specialist George Henderson. The asset manager is wholly owned by the Royal London Group and runs more than £40 billion of investment, pension fund and other assets.
The new vehicle aims 1.05 percent annual outperformance (gross of fees) of its benchmark JP Morgan Traded World ex UK Government Bond Index (hedged), over rolling three-year periods. It will allocate to overseas government bonds, although it may also pick investment-grade credit, with forex exposure hedged back to sterling.
Click here for the release from RLAM.