Ignis launches aggressive version of Absolute Return Govt Bond fund

Ignis Asset Management has launched the Luxembourg-domiciled Ignis Global Macro Government Bond Fund for Russ Oxley, head of rates.

The latest fund in its absolute return range, the Specialised Investment Fund (SIF) is a non-UCITS version of the popular £1.5bn Absolute Return Government Bond fund, also managed by Oxley (pictured). The new fund will target double the risk of the existing vehicle, with a higher expected volatility of 8% to 12%, but will be managed by the same team using the same investment process. It will aim to achieve an absolute return of 10%-12% per annum over the year above cash, far higher than the 7% annualized return achieved by the existing version of the product since launch. The fund ...