Hartford Investor Launches Short-Duration Fund

Phoenix Companies' Asset Management Division has launched a new low-duration core-plus fund, the first low-duration product for the Hartford, Conn.,-based manager.

  • 25 Mar 2005
Email a colleague
Request a PDF

Phoenix Companies' Asset Management Division has launched a new low-duration core-plus fund, the first low-duration product for the Hartford, Conn.,-based manager. The fund was launched in response to investor demand for a short product as the yield curve has flattened, according to David Albrycht, portfolio manager of $4 billion in fixed income. Albrycht is managing the new fund.

The fund has been seeded with $15 million from the company's own money and is benchmarked against the Merrill Lynch Medium-Quality 1-3 Year Index and the Lehman Brothers Aggregate Bond Index. The core segment of the fund will include investment in Treasuries, agencies, investment-grade corporates, commercial mortgage-backed securities, asset-backed securities and taxable municipal bonds. The plus segment will invest in emerging markets, high-yield bonds and mortgages that fall below investment grade. The fund has a mandate of investing in no more than 35% below investment grade and targets a duration of 2.4-2.7 years.

  • 25 Mar 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 13,488.13 59 8.47%
2 Citi 11,496.21 73 7.22%
3 UBS 11,302.86 45 7.09%
4 Morgan Stanley 10,864.95 59 6.82%
5 Goldman Sachs 10,434.21 54 6.55%