MIFL launches a flexible global fixed income fund with PIMCO as the first manager
10 JUN, 2026
By Joanna Piwko from RankiaPro Europe
Mediolanum International Funds Limited (MIFL) has announced the launch of Mediolanum Best Brands Dynamic Bond, a new flexible fixed income fund designed to invest in global debt markets and adapt to an environment marked by constant changes in market conditions.
The firm presents this strategy at a time of high volatility for fixed income, conditioned by persistent inflation, the evolution of interest rate expectations and greater dispersion among sectors.
A global and flexible strategy for a more volatile market
The new fund is designed to invest in a broad universe of fixed income assets, including government debt, investment grade corporate credit (Investment Grade) and high yield (High Yield), emerging market debt and securitized instruments. According to the information provided by the entity, the strategy will dynamically manage both duration and sector allocation, with the aim of adapting to changing market conditions and taking advantage of relative value opportunities.
With this approach, MIFL seeks to equip the vehicle with a greater capacity to respond to a scenario in which the evolution of inflation and interest rates continues to condition the behavior of debt assets on a global scale.
PIMCO assumes the start of management within the multi-manager model
For the launch of the fund, MIFL has appointed PIMCO as the first asset manager of the strategy. The choice, according to the firm, responds to the flexible investment approach of the house, its specialization in fixed income and the strength of its global investment platform, backed by an experienced portfolio management team.
Mediolanum has also indicated that, as with other funds in the Best Brands range, the new Dynamic Bond is designed to incorporate additional managers over time. This structure is part of MIFL's multi-manager philosophy, one of the distinctive features of its fund offering.
The fixed income markets have become considerably more complex to navigate in recent years. Mediolanum Best Brands Dynamic Bond is structured around five fundamental pillars: diversification, income generation, active duration management, selective exposure to currencies, and the ability to take advantage of opportunities arising from market inefficiencies, offering investors real flexibility across the global fixed income spectrum, with disciplined risk control as a central element.
Christophe Jaubert, Chief Investment Officer of Mediolanum International Funds
Mediolanum Best Brands Dynamic Bond is a new solution designed to complement our current fixed income range, rather than overlap with it. Thanks to its distinctive features, the strategy expands the tools available to investors and strengthens the core fixed income component of our clients' portfolios, expanding diversification opportunities through a more flexible and active management approach.
Luca Matassino, Chief Business Officer of Mediolanum International Funds
