Standard Chartered launched a multi -sector credit fund, Seligature Select Global Income Plus, according to the structure of the variable Capital Company (VCC), in collaboration with Pimco as investment manager.
The Fund seeks to record the best ideas from PIMCO throughout the credit spectrum, including high -performance bonds, emerging market debt loans and bank loans, with the aim of providing differentiated overall returns, while at the same time achieving lower variability. With an attractive monthly distribution feature, it is designed to meet the needs of income -seeking customers.
The Seligature Select Global Income Plus is currently available to high network customers from the private, private and priority departments of Standard Chartered with accredited investors and/or professional investors, based in Singapore, Hong Kong, the UAE and Bahrein.
The bank is aiming for the fund’s progressive start in other markets in the coming months.
Sumeet Bhambri, world leader, consulting and managed investment, wealth solutions, Standard Chartered said:
“As a leading international wealth manager, our goal is to provide a different set of solutions to help our customers grow and manage their wealth. Since the creation of VCC a year ago, Standard Chartered has been different from Pimco to offer this multi-health fund. Solutions-Dealing exclusively to meet our customers’ investment goals. “