Standard Chartered has launched a multi-sector credit fund, Signature Select Global Income Plus, under its variable capital company (VCC) structure, in partnership with PIMCO as sub investment manager.

The fund seeks to capture the best ideas from PIMCO across the whole credit spectrum including high yield bonds, emerging market debt and bank loans, with the aim to provide diversified total returns while achieving lower volatility and better downside mitigation. With an attractive monthly distribution feature, it is designed to meet the needs of income-seeking clients.

Signature Select Global Income Plus is currently available to high-net-worth clients from Standard Chartered’s Private, Priority Private and Priority segments with Accredited Investors and/or Professional Investors status, based in Singapore, Hong Kong, UAE and Bahrain.

The Bank targets to progressively launch the fund in other markets in the coming months.

Sumeet Bhambri, Global Head, Advisory and Managed Investments, Wealth Solutions, Standard Chartered said:

“As a leading international wealth manager, our aim is to provide a diverse suite of solutions to help our clients grow and manage their wealth. Since setting up our VCC a year ago, Standard Chartered has been able to offer unique and exclusive solutions to our high net-worth clients in our key markets. Through this latest partnership with PIMCO to offer this multi-sector credit fund, we now have a diversified suite of four VCC sub-funds across all key asset classes – equity, fixed income, multi-asset and alternatives – curated exclusively to meet our clients’ investment objectives.”