Christopher Joye’s Coolabah Capital has been appointed to manage a floating-rate bond fund from Associate Global Partners.
The Switzer Higher Yield Fund (or SHYF) will aim for 1.5% to 3% over RBA cash rate on a rolling 12-month basis writes Kanika Sood at Financial Standard.
The fund will hold at least 25 securities, with a focus on liquidity and low volatility.
The initial offer runs from today to December 18. It will list on the exchange via Chi-X.
Associate Global Partners said it plans to grow the fund organically in the advised and self-directed markets.