ING IM launches First Class Yield Opportunities fund

ING Investment Management International (ING IM) has launched a new credit portfolio, the ING (L) Renta Fund First Class Yield Opportunities fund.

The product is managed by the multi-asset, credit and emerging market debt investment teams at ING IM, who will select individual bonds to create a multi-strategy portfolio. So far the fund has garnered assets under management of €35m. Ewout van Schaick, head of multi-asset strategies, and Roel Jansen, head of European investment grade credit, will act jointly as lead managers for the fund. The pair will set the investment policy and the top-down allocation across asset classes. Volatility can be scaled down depending on market conditions. "Global credit markets have proven to be a...