CAPITAL Group, an investment management firm, has added a global corporate bond fund to its fixed-income offering.

Capital Group Global Corporate Bond Fund (LUX) is the most recent addition to the Luxembourg-domiciled UCITS fund range, and is part of a multi-year, strategic plan to give clients based in Europe and Asia, and non-resident clients (Latin American offshore), access to Capital Group’s long-standing US strategies.

The new fund joins a growing range of fixed-income funds launched in the past year, including Capital Group US High Yield Fund (LUX) and Capital Group US Corporate Bond Fund (LUX).

The new fund provides exposure to investment-grade corporate bonds with no ‘scope creep’ into high-yield bonds. It adopts a fundamental, research-driven well-diversified and quality-orientated approach to corporate bond investing.

Thomas Quantrille, president and head of Asia for Capital Group, says: “Capital Group is building out its fixed income fund range for investors in Asia and this most recent launch completes a suite of corporate bond funds across EUR, US and global strategies. This milestone underlines our commitment both to the asset class and to enhancing our offering for clients around the world.”