Distinction transforms Cautious Return fund
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Distinction Asset Management has overhauled its £29m Cautious Return fund and appointed a new manager to the portfolio.
Ana Armstrong
The fund has been transformed from a single-manager fund to a multi-manager absolute return fixed income strategy. Armstrong Investment Managers has been put at the helm of the re-launched fund.
The Dublin-domiciled Distinction Cautious Absolute Return Fixed Income fund, which targets long-term absolute returns of 2% above cash per year, is aimed at investors wanting exposure to fixed income markets with greater flexibility than traditional solutions.
Ana Armstrong, fund manager and chairman of Distinction, says, “We have designed the investment approach of this fund to take advantage of opportunities across different regions, currencies, types of fixed income instruments and a broad spectrum of markets.”
“We then outsource to specialist managers, utilising varied investment styles, to target consistent returns from a range of traditional and alternative fixed income funds and positions.”
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