The fund will be renamed the absolute return global bond trust on March 10. The group is also set to introduce an institutional unit share class.
The directional global bond trust was originally launched in March 2004 under the management of Colin Harte.
The £162m fund, which can hold long and short positions in traded interest rate and exchange rate instruments securities, is currently ranked 23rd out of 40 funds in the IMA global bond sector over three years.
Harte says: “The fund will continue to target a positive return in each calendar year through fixed-income investing. We were reluctant to place it in the IMA absolute return sector at launch due to the domination of BlackRock at the time and the fear that funds would be compared that were not like for like. But we feel that the sector has developed and that is no longer the case.”