RLAM readies trio of short duration bond funds

Royal London Asset Management is to extend its fixed income capabilities with the launch of three short duration funds for Paul Rayner, Craig Inches and Sajiv Vaid, Investment Week can reveal.

Head of government bonds Rayner will run a short duration gilt fund, while Inches will manage a short duration index-linked offering and Vaid will run a credit vehicle. Vaid (pictured), who co-manages the top quartile £500m RLAM Corporate Bond fund, will target a yield of between 2.75% and 3% for the Short Duration Credit fund. Rayner’s gilt fund will have a target yield of between 1% and 1.25%. The group is looking to launch the funds at the end of Q3 or early Q4, subject to regulatory approval. “The current low interest rate environment has reduced the attractiveness of bond fund...