First State launches global interest rate and currency fund

First State Investments has brought out a new absolute return fund which will offer exposure to global bond and currency markets.

The fund will be managed by Kieron Nutbrown, who was appointed head of global macro fixed income in January 2014. He leads a global macro team based in London. First State CIO, fixed income, Paul Griffiths, commented: “Establishing this new team and launching the fund are important steps in enhancing our existing business and demonstrates our commitment to offering a range of high quality fixed income strategies to our clients worldwide. This new investment capability is designed to deliver positive absolute returns to investors in low and potentially rising yield environments.”