Nikko Asset Management launches Global Credit fund

For manager Holger Mertens

Nikko Asset Management has unveiled a Global Credit fund for head portfolio manager - global credit, Holger Mertens.

The Luxembourg-domiciled UCITS fund targets an excess return of 1.5% against the Barclays Global Aggregate Corporate index, an absolute return target of 4%, and will invest worldwide to create a portfolio of between 70-120 corporate bonds. Mertens, who joined Nikko AM from Lazard Asset Management last year, will be supported by the group's global credit teams based in London, Tokyo, Singapore, Sydney, Auckland, and New York. The team will adopt an active investment approach based on fundamental research, which aims to take advantage of mispricing opportunities across global credit mar...