Muzinich & Co. announces the launch of the Muzinich Global Fixed Maturity 2027 Fund which leverages Muzinich’s capabilities in corporate credit and “fixed maturity” strategies. To date the Firm has launched 17 fixed maturity vehicles with AUM of US$ 2.4bn. Managed by an experienced investment team led by Tatjana Greil Castro, the Global Fixed Maturity 2027 Fund is expected to launch in the second half of April and subscriptions will close in September 2023.
The Fund invests mainly in investment-grade bonds globally with a focus on Europe but can also invest in high-yield bonds to seek to increase the return potential. The Fund will seek to invest in a broadly diversified portfolio of bonds with a similar maturity to its target date maturity of 31 December 2027 or within 1 year of the target date. The Fund has a quality bias and has to maintain an Investment Grade rating at all times. Additionally, it promotes environmental and/or social considerations as part of the investment process and as a result, the Fund is classified as an Article 8 under the SFDR regulation*.
“The rise in interest rates has resulted in the return of ‘income’ across the fixed income landscape. Investment grade yields are therefore now providing an interesting opportunity for carry and income without the need to go down the credit risk profile. With the potential for rates to peak, a fixed maturity vehicle allows investors to lock in potentially higher interest rates while seeking to provide stability and visibility of return.”Tatjana Greil Castro, Co-Head of Public Markets.
“We have been managing corporate credit for 35 years and believe this experience enables us to provide clients with strategies relevant for each market environment. Fixed Maturity strategies aim to provide an attractive investment option for investors looking for income while preserving capital.”Rafael Ximénez de Embún, head of Muzinich for Iberia and Latam.
The Muzinich Global Fixed Maturity 2027 Fund will be available for sale in Austria, France, Germany, Italy, Spain and Switzerland.
*Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector.