Threadneedle to look at absolute return bond offer

Threadneedle is looking to enter the absolute return bond fund market with a launch in the third qua...

Threadneedle is looking to enter the absolute return bond fund market with a launch in the third quarter of this year. The global fund, likely to launch under the group's Ucits III umbrella in September, will use derivatives and, according to Threadneedle's director of product development, Mary Blair, will fall somewhere between a long-only and hedge fund structure. Details of how the fund will be structured are not finalised as yet because the firm is still carrying out market research in Europe and the UK to determine what type of return it should target. Blair said the intention is to...