Rathbones takes on fixed income sector with Strategic Bond launch

Rathbones Strategic Bond plans to split assets between direct investments and underlying managers.

Rathbones is making a renewed push into the fixed income space with its Strategic Bond fund, but buyers have questioned how it will make its mark in a crowded sector. The group’s Strategic Bond fund will have an unusual structure, with assets split between direct investment and underlying managers, targeting a lower volatility level than its peers. The fund will have a strategic bond fund allocation overlay, with management split 50/50 between lead manager Bryn Jones and David Coombs, the head of multi-asset management. Jones, who runs the £74m Rathbone Ethical Bond fund, will inve...