View more on these topics

Credit Suisse sets target for returns

Credit Suisse Asset Management is offering a fund investing in a wide selection of global fixed-income opportunities with a new investment concept it calls “target return”.

First revealed in Money Marketing in February, the fund addresses investors&#39 needs for a product that targets a certain level of positive return within a strict risk control framework.

The fund is an onshore version of the firm&#39s Luxemburg-domiciled target return fund and uses the expertise of five fixed-income professionals supported by a fixed-income credit and equity team of over 30 analysts.

The fund aims for a gross return of six-month Libor plus 2.5 per cent through optimising the portfolio&#39s allocation process across a diverse range of global fixed income assets.

Credit Suisse says preservation of capital is key, although it is not guaranteed. The fund can be invested 100 per cent in cash. The fund&#39s risk management tool has been applied to a similar portfolio since August 2000.

Initial charge is 4.25 per cent and annual 1.25 per cent. Initial commission is 3 per cent with 0.5 per cent trail. Minimum investment is £5,000.

CSAM UK managing director Ian Chimes says: “The Credit Suisse target return fund has been launched against a backdrop of growing uncertainty and mixed returns for investors. In response to investor demand for investment-grade products that provide positive returns with a commensurately moderate level of risk whatever the market conditions, we have developed an innovative solution which we call target return.

“This is based on a strategy that seeks to take a blended approach and full advantage of an increasingly diverse range of global investment opportunities within fixed-income markets.”


CSAM sets sights on target

Credit Suisse Asset Management has introduced the target return fund which invests in a range of fixed income assets, including government and corporate bonds, emerging European debt and convertibles. The target return concept was piloted on an institutional mandated fund established in August 2000. The name of the new fund, which takes advantage of the […]

LMS takes on branded lending for Mortgages plc.

LMS Homeloans is going to offer branded lending for Mortgages plc. LMS Homeloans already offers branded lending with Platform Home Loans mortgage products and says it intends to offer its branded lending activities with further lenders in the future.

Close Bros release deal for estate planning

Close Brothers is to set up a wealth management equity-release product with Isle of Man Assurance. The product is designed to help people to manage their estates for tax purposes and is described by a source as an equity-release/estate management product. It is being launched with the backing of Equity Release Services, which has designed […]

Bupa appoints new non-exec director

Bupa has appointed a new non-executive director with Robert Walther taking up the role from May 1.Walther, 60, is currently chairman of the Fleming Claverhouse, Fidelity European Values and a non-executive director of Nationwide Building Society.He is also a previous chief executive of Clerical Medical Investment Group and a member of the Halifax executive committee.Bupa […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment