Standard Chartered has introduced a new multi-sector credit fund, Signature Select Global Income Plus, as part of its variable capital company (VCC) structure. The fund is launched in partnership with PIMCO, which will serve as sub investment manager.
The Signature Select Global Income Plus fund aims to provide diversified total returns by investing across the credit spectrum, including high yield bonds, emerging market debt, and bank loans. The product also features a monthly distribution designed for income-seeking clients.
Currently, the fund is available to high-net-worth clients from Standard Chartered’s Private, Priority Private, and Priority segments who have Accredited Investor or Professional Investor status in Singapore, Hong Kong, UAE, and Bahrain. The bank plans to extend availability to additional markets in the coming months.
Sumeet Bhambri, Global Head of Advisory and Managed Investments at Standard Chartered Wealth Solutions 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.”
Standard Chartered established its VCC in June 2024. The initiative was intended to leverage partnerships between major fund managers and the bank’s global asset class specialists in order to deliver custom investment strategies that are not widely accessible elsewhere.
For more information about the new fund or other offerings under the VCC structure, interested parties may contact Valerie Tay from Wealth and Retail Banking Communications.