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Global bond fund upgraded by Lonsec as momentum builds across platforms

20 Sep 2021
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Global asset manager Neuberger Berman is pleased to announce its multisector fixed income fund, Neuberger Berman Strategic Income Fund (“Fund”), has been upgraded by Lonsec and added to four new investment platforms in recent months as awareness of the fund and investor demand for an alternative and dynamic approach to the fixed income sector increases.

Lonsec upgraded the Fund’s rating to ‘recommended’ in September 2021, following the addition of the fund to Macquarie Wrap, BT Panorama, BT Wrap, and Xplore Wealth.

The Strategic Income Fund is a flexible, multi-sector, global fixed income portfolio and was launched in Australia a little over two years ago.  It seeks attractive risk-adjusted results by investing across the entire bond market with a focus on exploiting mispriced sectors and offers investors with attractive return potential.

Since the launch of the Fund in Australia, awareness of the Neuberger Berman brand and investment philosophy has grown across dealer groups as advisers demand greater diversity in product quality to meet their individual client needs.

Head of Intermediary Distribution at Neuberger Berman Australia, Matthew Thompson, said, “In today’s low yielding environment and uncertain markets, investors want an effective way to generate consistent income, our Strategic Income Fund’s agile and opportunistic approach is an attractive option to meet these demands.”

The Fund is also rated as ‘Recommended’ by Zenith and is available on HUB24 and Netwealth, in addition to the newly announced platforms.

The addition of Neuberger Berman’s funds to a growing base of popular investment platforms reflects the global asset manager’s ongoing commitment to grow its footprint and bring its best-in-class global solutions to the Australian intermediary market. The Strategic Income Fund offers dealer groups the opportunity for their clients to receive a strong monthly income tied to ESG considerations and a multi-sector approach.

As at 31 August 2021, Neuberger Berman’s local asset under management is over US$9 billion.

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