POWERED BY MOMENTUM MEDIA
BNP Paribas launches traditional fixed income fund
BNP Paribas Investment Partners (BNPP IP) has launched a new fixed income capability targeting superannuation funds and insurance organisations.
The BNP Paribas Asset management Core Plus Fixed Income Fund is managed by an in-house team led by Doyle Mallett.
The fund will predominately invest in Australian fixed income securities, although the portfolio guidelines allow up to 20 per cent of the fund to be allocated to global fixed income.
The global component of the fund will be managed by BNPP IP-owned New York fund manager Fischer Francis Trees & Watts.
BNPP IP chief executive Robert Harrison said the advantage of this structure was that the firm had an experienced team running the fixed income portfolio from Australia, but was still able to leverage the global credit research, scale and expertise of the wider company.
The fund’s Australian allocation has a wide security universe, which invests in both Australian-domiciled securities and in the offshore debt of Australian companies.
Harrison said that although many recent fixed income offerings had taken on equity-like characteristics, this fund would have the traditional defensive characteristics that investors are now looking to return to.
AUTHOR
Ashleigh McIntyre
Recommended for you
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
