Skandia has bought a £19m stake in the Liontrust Credit Absolute Return fund, spreading the investment across a number of portfolios.
Funds investing in the Liontrust vehicle include Skandia's Diversified, Bond Income and Alternative Investments funds. Managed by Simon Thorp and James Sclater, the Liontrust Credit Absolute Return fund is a Ucits III vehicle focused on credit opportunities across Europe. SIG head of fixed interest research Adam Smears says: "The fund provides low interest rate exposure, but has the ability to add value through credit selection and credit spread capture. "As government bond yields are now very low - although credit spreads are still relatively wide - it is important managers can go...
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