Alliance Trust confirms fixed income launch

Alliance Trust Asset Management is to enter the fixed income market next month with the launch of a corporate bond fund.

The fund will be managed by the four former Swip managers, led by former global head of fixed income Roy Davidson, who joined Alliance Trust earlier this year. It is the fourth addition to the asset manager's product range since its launch in January 2009 and follows the launch of the North American Equity, UK Equity Income and European Equity funds. Alliance Trust business development managing director Edward Troughton says the new vehicle will likely be followed by a global equity fund later this year which will complete the firm's core range. "By the end of the year we would lik...