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SuMi TRUST launches BlueBay Global Investment Grade Credit Fund

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SuMi TRUST Global Asset Services has launched the BlueBay Global Investment Grade Credit Fund managed by BlueBay Asset Management for exclusive distribution in Japan by Sumitomo Mitsui Trust Bank Limited (SMTB).  

The Fund has been structured as a Cayman Island open ended Unit Trust and will be distributed to the SMTB Trust Bank pension fund clients in Japan. 

The Fund launched with USD69 million and offers both accumulation and distribution share classes denominated in Japanese Yen, both hedged and unhedged. BlueBay will be targeting returns that aim to meet the expectation of Japanese Pension Funds. SuMi TRUST global Asset Services will be providing trustee, administration and global custody, through their affiliated companies in Cayman, Ireland and the UK, managing the transition to launch in partnership with SMTB and BlueBay. 
 
Ken Yoshida, Partner and Head of Sales North East Asia at BlueBay Asset Management says: “We have found SuMi TRUST's efficiency, well established knowledge of the Japanese market and delivery to be of the highest quality.  We believe SMTB is very well-placed to promote this investment strategy to their Trust Bank clients and we are looking forward to a long term relationship together.”
 
Karl McEneff, CEO of SuMi TRUST Global Asset Services, says: "We are delighted to be working with BlueBay to launch the Fund in partnership with our parent company SMTB, to deliver a superior structure and service model to support our Trust Bank Pension Fund clients. BlueBay is a top tier investment manager and we look forward to expanding our relationship together going forward." 
 

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