Nordea

To be managed by DoubleLine Capital

For those investors seeking in the region of cash +2% returns and low levels of overall risk, the current market environment poses several challenges - such as the historically low yields and high valuations.

Seeded with £250m

Eagle Asset management's US equities manager Ed Cowart has called on investors to not ditch energy stocks, after the price of Brent crude oil plunged towards a six-year low.

Global growth managers predict the rally in airlines can continue into 2015 and beyond as a falling oil price provides a new fillip for the sector.

US market valuations are not near bubble territory despite being at record highs, with the current rally different to the pre-crisis period because of resurgent US growth, veteran US equity manager Ed Cowart has said.

Nordea's recently launched strategic bond fund has a 70% allocation to high yield bonds in a bid to emphasise credit exposure and minimise interest rate risk.

Nordea Asset Management has added two bond funds and two specialist equity funds to its product range, including a portfolio focusing specifically on Nordic credit markets.

A move out of safe-haven assets has seen government bond yields spike, but Tim Gardner, co-manager of Legal & General's Multi-manager fund range, says they should not be dismissed just yet.

Skandia has handed three fixed interest mandates within its multi-manager funds from Threadneedle to Nordea.