First State expands fixed income range with rates & currency fund

First State has expanded its range of fixed income products with the launch of a global interest rates and currency fund.

The fund, to be run by new hire Kieron Nutbrown, is focused on achieving an absolute return and will offer exposure to global bond and currency markets. Nutbrown joined First State in January as head of global fixed income from Aberdeen Asset Management, where he had been head of global macro. First State has also set up a dedicated global macro team to focus on establishing a strong track record for the fund. Paul Griffiths, chief investment officer of fixed income, said: "Establishing this new team and launching the fund are important steps in enhancing our existing business and ...