Fixed Income

Five sub-funds have been established for investments within the Fixed Income Asset Class with initial investment value of £2.9bn.

 

Global Credit Fund

Investment Manager: Russell Investments

Underlying Investment Managers: Western, MetLife, Fidelity and T Rowe Price 

Participating Funds: Cardiff, Dyfed, Powys and Torfaen

Portfolio Value: £790m

Launch Date: July 2020

 

Global Government Bond Fund

Investment Manager: Russell Investments

Underlying Investment Managers: BlueBay and Colchester

Participating Funds: Cardiff and Torfaen

Portfolio Value: £518m

Launch Date: July 2020

 

Absolute Return Bond Fund

Investment Manager: Russell Investments

Underlying Investment Managers: Wellington, Putnam, Aegon and Insight 

Participating Funds: Gwynedd, Powys and Swansea

Portfolio Value: £438m

Launch Date: September 2020

 

Multi-Asset Credit Fund

Investment Manager: Russell Investments

Underlying Investment Managers: ICG, Man GLG, BlueBay, Barings and Voya

Participating Funds: Cardiff, Clwyd, Gwynedd, Powys and Swansea

Portfolio Value: £598m

Launch Date: July 2020

 

UK Credit Fund

Investment Manager: Fidelity

Participating Funds: RCT

Portfolio Value: £547m

Launch Date: July 2020

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