Challenger Absolute Return Global Bond Strategies Fund

Challenger and Standard Life Investments have partnered to launch the Challenger Absolute Return Global Bond Strategies Fund (the Fund).

The Fund is designed to provide a positive absolute return over the medium to longer term in all market conditions and a steady stream of income. It will be launched in April 2017, targeting an initial distribution of 2.5% a year with distributions paid quarterly.

Standard Life investments head of Australasia, Simone Bouch said of the Fund: "We are very pleased to be partnering with Challenger who will now distribute the Fund through their highly regarded retail distribution network. There is a growing need from clients both in Australia and globally for solutions that provide a solid income base combined with excellent risk management, particularly in this low-yield, low-return environment.

He added: "The Fund has already been well received by institutional investors here in Australia.With over A$2 billion in Assets Under Management globally and a strong performance track record behind it, we are confident that the strategy will attract a growing Australian retail investor base."