Allianz Strategic Bond fund assets soar as Jupiter MM invests
Jupiter Merlin Balanced Portfolio holds fund
AllianzGI's Mike Riddell
The Allianz Strategic Bond fund has grown by over 500% since the fund launched in June 2016 under Mike Riddell's management (it was previously run by PIMCO as the Sterling Total Return fund) and is set to reach £500m in assets under management in the coming weeks as multi-managers such as Jupiter's John Chatfeild-Roberts buy into the fund.
When Riddell was handed the relaunched Strategic Bond fund it had £70m in assets under management; it has since attracted a steady stream of inflows, Riddell said, and was the only "true" strategic bond...
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