Brunel Pension Partnership launches a fund on the listed markets – Investment


Ready to go: The £ 28 billion Brunel Pension Partnership has launched its £ 2.1 billion corporate bond fund, selecting Royal London Asset Management to manage the assets.

The fund, designed to gain exposure to sterling bond markets and credit risk premium, was launched following research conducted last year.

Brunel – who manages the assets of 10 local government pension funds totaling £ 35bn – received 26 research bids, shortlisted five and ultimately chose Royal London.

Stephanie Carter, portfolio manager of Brunel’s Sterling Corporate Bond Fund, said: “Royal London has a very diverse portfolio and a team approach, which has convinced us that a single manager solution meets the objectives. of our customers.

“Fundamentally, returns are systematically determined by credit selection and, of all applicants, Royal London offered the most impressive level of environmental, social and governance integration. “

The Sterling Corporate Bond Fund may invest directly in sterling denominated bonds of UK and foreign public companies, international agencies, housing charities, private companies and via securitized debt.

David Cox, Head of Listed Markets at Brunel, said: “The fund is very diversified, offering our clients access to a range of securities, as well as a range of maturities.

“The prioritization of ESG considerations by our clients was also reflected in the fund’s design and the manager selection process.

“The manager is contractually committed to providing evidence of the ESG impacts of decisions made in the fund, and of any broader contribution that the fund makes to responsible investing. “

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