Ignis Asset Management has launched a Luxembourg-domiciled Ucits vehicle under the Ignis Global Funds, HFMWeek reports. The Ignis Absolute Return Government Bond Fund was started at the end of March and is managed by the Ignis rates team.
The vehicle targets to deliver positive absolute returns in sterling or euros and outperform cash on annual rolling basis by investing in global government bonds and currencies. Merchant Capital, the asset management division of Merchant House Group, served as an adviser on the launch.
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