Standard Chartered has launched a multi-sector credit fund, Signature Select Global Income Plus, under its variable capital company (VCC) structure.

The fund has been launched in partnership with global fund manager PIMCO as sub investment manager.

Standard Chartered said the fund aimed to capture the best ideas from PIMCO across the whole credit spectrum including high-yield bonds, emerging market debt, and bank loans.

It will seek to provide diversified total returns while achieving lower volatility and better downside mitigation.

The fund is currently available to high net worth clients from the bank’s Private, Priority Private, and Priority segments with accredited investor and/or professional investor status.

Signature Select Global Income Plus will initially be for clients based in Singapore, Hong Kong, the UAE, and Bahrain, although Standard Chartered plans to progressively launch the fund to other markets “in the coming months”.

VCC was set up by the bank in June 2024, with the aim of ‘harnessing synergies’ between fund managers and Standard Chartered’s team of global asset class specialists to provide hard-to-access custom-curated investment strategies to the bank’s clients.

“As a leading international wealth manager, our aim is to provide a diverse suite of solutions to help our clients grow and manage their wealth,” commented Standard Chartered global head, advisory and managed investments, wealth solutions, Sumeet Bhambri.

“Since setting up our VCC a year ago, Standard Chartered has been able to offer unique and exclusive solutions to our high net worth clients in our key markets.

“Through this latest partnership with PIMCO to offer this multi-sector credit fund, we now have a diversified suite of four VCC sub-funds across all key asset classes – equity, fixed income, multi-asset and alternatives – curated exclusively to meet our clients’ investment objectives.”

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