Standard Charterd Fond its fourth sub -suburdened (VCC) with the launch of Signature Select Global Deter Plus, a multi -sectors credit fund that is managed in partnership with Pimco.
The company said in a statement on Monday that the fund aims to provide various total returns with lower fluctuations and protection from the most powerful downside by taking advantage of the best Pimco ideas via credit spectrum, including high -yield bonds, emerging market debts and bank loans.
It is also said to have a monthly distribution component, which meets the needs of customers looking for income.
Initially, the product will be available to high -value customers in Singapore, Hong Kong, the United Arab Emirates and Bahrain.
Among the qualified investors are those who have an accredited investor or a professional investor status under the private and priority -priority -priority sectors.
The bank plans to expand the range of additional markets in the coming months.
“As a global director of international wealth, our goal is to provide a variety of solutions to help our customers grow their wealth,” said Sumit Bambury, Global Chairman for Consulting and Management Investments, Wealth solutions at Standard Charterd.
He added that through this recent partnership with Pimco, they now have “a variety of four VCC sub-vehicles in all categories of major assets-stock, fixed income and alternatives-exclusively sponsored to achieve the goals of our customers.”
Standard Charted created a VCC structure in June 2024 to create exclusive investment strategies by combining the experience of global fund managers and specialists at home.