LUCRF Super has awarded Aviva Investors a $51.5 million bond fund mandate to invest in its Absolute T250 Bond Fund strategy.
The strategy applies a macro fixed income strategy focused on global sovereign bond markets and interest rate disparities, making it low volatility and having low correlation to traditional bond and equity markets.
Aviva Investors Asia Pacific chief executive Craig Bingham said the fund has an interesting approach, which could potentially outperform in falling markets.
Ben Samild, head of investment strategy at LUCRF said the fund’s impressive downside risk management and low correlation to traditional bond and equity markets made it a good fit for LUCRF’s long-term investment objectives.
