Royal London Asset Management (RLAM) and PortfolioMetrix have announced the launch of the RL Global Government Bond fund.
It will be led by Gareth Hil and Paul Rayner, who are already working together on the £1bn International Government Bond fund.
Registered in Ireland, the new vehicle will be and able to rotate across the sovereign markets of the UK, US, Japan, Europe, Canada and Australia to “capture relative value and exploit cross-market inefficiencies created by diverging fiscal and monetary policies”.
It will be a globally diversified and actively managed government bond fund that aims to provide “multiple sources of alpha” in today’s unstable macro environment, where global trends are impacted by changing trade policies, inflation dynamics and increased central bank action.
Ed Venner, chief client officer at RLAM, said: “The RL Global Government Bond Fund combines the benefits of a long-term strategic view with a tactical overlay to target outperformance over time with reduced volatility. The strategy is built not just to weather uncertainty, but to thrive in it.”
Alex Funk, chief investment officer UK at PortfolioMetrix, said the portfolio will offer “global, disciplined sovereign exposure”, built on “a proven track record that helps our adviser partners deliver consistent, long-term outcomes for clients”.
It will be benchmarked against the JP Morgan GBI Global Hedged USD index.