Best Fund Provider Investment Grade Bond
Lord Abbett
Best Fund Provider – Investment Grade Bond
Andrew O’Brien
partner, portfolio manager
“We are thrilled to be named the Best IG Bond Fund provider in 2023. We are proud to have helped our clients navigate the volatility of the last few years.
As a flexible, high quality credit-oriented bond fund focused on short maturities, we believe the Short Duration Income strategy can be an excellent complement to fixed income allocations that rely on rates or lower quality credits. The opportunity set at the short end of the market is compelling today, with competitive yields and limited exposure to rate and default risk.
In the current market, you don’t have to stretch too far for yield, so we are conservatively positioned but also maintain the flexibility to find relative value over a wide range of fixed income sectors and issuers.”
Winnersrationale
“2023 proved a challenging year for fixed income, with volatility and tight credit spreads among the obstacles that successful investors needed to overcome. Lord Abbett was one such investor, and the US asset manager’s Short Duration Income Fund has resonated with private bank clients in Asia Pacific in this tricky environment,” said Daniel Shane, editor of Asian Private Banker.
“What has been key to the Short Duration Income Fund’s approach in 2023 amid a Federal Reserve narrative of ‘higher for longer’ and yield curve inversion has been a resolute focus on quality and liquidity; sector diversification across investment grade corporates; and an effective duration of less than two years for much of the portfolio.
“All of those benefits have clearly appealed to Asia Pacific private banks and their clients, with the fund attracting significant regional net inflows and adding new distribution partners during the period under consideration for the Asset Management Awards for Excellence 2024. Asian Private Banker would like to congratulate everyone at Lord Abbett for their success in the category of Best Fund Provider – Investment Grade Bond.”
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