VAM launches Global Government Bond fund

VAM Funds has launched a new Global Government Bond vehicle, which aims to generate cash plus returns through AAA and AA-rated sovereign securities.

The Ucits III fund, which will have a target yield of 4% net of charges, will be run by Switzerland-based boutique Peers, with Annelise Peers as fund adviser. Bonds will selected from a process which combines global macro and top-down fundamental research, as well as using quantitative and technical models to determine entry levels. Asset allocation at launch is Germany 40.48%, UK 13.4%, US 12.18%, Japan 10%, France 9.91%, Australia 5.22% and Canada 4.97%. VAM Funds managing director of Michael Hunt says: "Government bond funds are low risk investments that provide steady returns ...