Industry fund Motor Trades Association of Australia (MTAA Super) has awarded a $200 million global credit mandate to AllianceBernstein.
AllianceBernstein's global credit strategy is an actively managed global bond strategy with a research-based investment approach.
It invests mostly in investment-grade credits and takes an opportunistic stance in convertible securities, the sovereign debt of developed nations, agency bonds, asset-backed securities and high-yield and emerging-market debt where allowed by client guidelines.
"The strategy fits into MTAA Super's diversified fixed interest My Choice option, which seeks stable returns over the short-to-medium term through reduced exposure to risk," AllianceBernstein said.
"It is therefore intended to be suitable for members who seek stable investment with limited capital growth opportunity."
It also plays a vital role in the fixed interest sectors of MTAA Super's diversified investment options, including its MySuper product.
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