Royal London Asset Management (RLAM) has launched a fixed income fund-of-funds product, the Royal London Monthly Income Bond fund, Investment Week can reveal.
The fund, which has been soft-launched and will be marketed in September, will be managed by RLAM's head of fixed income Jonathan Platt. It will mainly target IFAs and wealth managers. Structured as a fund of funds, and carrying a management fee of 0.35%, the portfolio will invest in a number of underlying RLAM credit and high yield portfolios, and will have the option to hold up to 30% in individual bonds and other fixed income securities. It will also be able to invest in unrated securities, gilts and foreign sovereign debt. HSBC GAM launches three passive fixed income funds Plat...
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