Altana responds to demand with UCITS
A new Ucits version of Altana Wealth’s absolute return fund claims to offer both income and accumulation share classes for retail investors. The Altana Corporate Bonds Ucits fund, which is unconstrained and comes with a synthetic risk reward indicator of three, was unveiled after growing demand to relive the success of the original fund, which delivered gross returns of 13.34 per cent since its inception in 2013. Stevan Bajic, who recently joined Altana Wealth from Bank Sarasin, has been handed the task of managing the fund, which charges a fee of 1.25 per cent. His aim will be to invest in a globally diversified corporate bond portfolio with regular income from short-dated and “household name” corporate bonds.