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Passports

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Lord Abbett launches fixed income UCITS Passport Portfolios for European investors

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Lord, Abbett & Co has launched Passport Portfolios to provide non-US institutions and non-US resident investors with access to select Lord Abbett fixed income investment strategies through a suite of UCITS funds.

The strategies available include the Lord Abbett Short Duration Income Fund, the Lord Abbett High Yield Fund and the Lord Abbett Strategic Income Fund.
 
The portfolios are listed on the Irish Stock Exchange.
 
Partners has been appointed to support distribution of the Passport Portfolios in Europe, showcasing Lord Abbett’s suite of products to wealth managers, banks, institutional investors and investment consultants. 
 
The launch of the Passport Portfolios provides an opportunity for non-US based investors to take advantage of Lord Abbett’s investment strategies. Founded in 1929, Lord Abbett is now increasing its footprint as a global investment manager.  
 
Key details of the funds include:
 
·         Lord Abbett Short Duration Income Fund: Designed to focus on sectors that have demonstrated superior return profiles historically, such as investment grade and high yield short duration mortgage, corporate, government and asset backed securities. The fund seeks to provide higher yield than a traditional short duration strategy, but with lower duration than a traditional core bond strategy. This fund uses a strategic yield-based portfolio design and diversification to reduce volatility. The fund is managed by the same investment team, and with the same investment process, as the US-registered Lord Abbett Short Duration Income Fund.
 
·         Lord Abbett Strategic Income Fund: Focused primarily on Baa corporate bonds, the fund employs a flexible research-driven approach to corporate bond investment opportunities across multiple sectors and a diversified blend designed to enhance return and reduce volatility. The fund is managed on a similar basis as the US-registered Lord Abbett Income Fund.
 
·         Lord Abbett High Yield Fund: Designed to emphasise asset-rich companies with strong management teams, while seeking investment opportunities across the credit spectrum and applying rigorous risk management. The fund is managed on a similar basis as the US-registered Lord Abbett High Yield Fund.
 
“The launch of these products presents an opportunity for a wide range of investors outside the US, especially in Europe and the Middle East, to access US fixed income markets at a time when we are seeing attractive income opportunities there,” says Stephen Hillebrecht, fixed income product strategist at Lord Abbett. “We continue to see demand for yield-based strategies that also limit interest rate exposure, and we feel that our investment-led, investor-focused approach will be well-received. The US corporate and asset-backed fixed income market remains one of the deepest, broadest and most liquid fixed income securities markets in the world and continues to provide income-producing opportunities.”  

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