Henderson Global Investors has launched the Henderson Unconstrained Bond Fund, a mutual fund that provides investors with a dynamic approach to fixed income investing.
After managing portfolios using this investment style in the UK and Europe since 2006, Henderson's team is offering it to its US client base.
The fund's benchmark-agnostic style follows an unconstrained approach allowing it to flexibly invest across global fixed income sectors.
"Rather than just trying to outperform a benchmark, managing this fund allows you to wake up each morning and ask what are the best bond investments in the world and how can we build a robust portfolio for our clients," says Phil Apel, head of fixed income and co-lead portfolio manager of the Henderson Unconstrained Bond Fund.
The fund's active management and wide portfolio duration range allows it to act nimbly during various interest rate environments in an effort to protect investors. The fund follows an investment process that includes top-down asset allocation supported by the investment strategy group – a team of nine senior fixed income specialists managing a combined USD29.6bn in assets. The team leverages a total of 58 fixed income experts in a bottom-up, “best ideas” approach to security selection.
"Ever-changing market conditions require a more active approach to bond investing and a strong commitment to mitigating risk," says Chuck Thompson, director of US retail. "The Unconstrained Bond Fund will navigate across fixed income markets with the ability to take views on interest rates, credit and loans while seeking to protect client capital."