We’re delighted that our Global Active Investment Grade Corporate Bond Fund has received approval from the Financial Conduct Authority (FCA).
Investment Director for Fixed Income and Deputy CIO, Gordon Ross, said: “This is an important step in the process of the fund launch and we’re glad to have been given approval.
“This not only fulfils our regulatory obligations but assures our Partner Funds that we can offer them a product they can have confidence in.”
The Corporate Bond Fund will be the sixth sub-fund LGPS Central Limited has launched since its inception in April 2018, hot on the heels of the recently launched Global Active Equity Multi-Manager Fund and Private Equity Fund.
Next steps include preparations for asset transition and launch of the fund later in the year.