Neuberger Berman launches Dynamic Real Return Fund
Neuberger Berman Group has launched the Neuberger Berman Dynamic Real Return Fund, a mutual fund investing in multiple asset classes that is designed to deliver attractive risk-adjusted returns in various inflationary environments.
The fund is an actively managed fund, leveraging portfolio management capabilities across the firm, with investments in inflation sensitive asset classes such as commodities, global TIPS, high yield bonds, leveraged loans, US and emerging markets equities, master limited partnerships (MLPs), and real estate.
The fund's lead portfolio managers are Andy Johnson (pictured), chief investment officer for investment grade fixed income, and Thanos Bardas, global head of sovereigns and interest rates. Johnson and Bardas manage asset allocation for the fund while using multiple Neuberger Berman portfolio management teams to manage within asset classes. The fund's managers also employ a dynamic overlay designed to capitalise on short term changes in inflation expectations.
"Our approach combines multiple asset classes with strong correlations to inflation, and looks to alleviate the impact of any one individual asset class," says Johnson. "Our goal is to generate income for investors while retaining the flexibility to adjust to differing potential inflation outcomes."
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