London - 5th September 2017
TwentyFour, in conjunction with the Fund’s management company Vontobel Asset Management S.A., have had approved the application to change the name of the “Vontobel Fund TwentyFour Global Unconstrained Bond”, to be “Vontobel Fund TwentyFour Strategic Income Fund”. The decision was made to change the name to better reflect the focus of the Fund; it was felt that the word “unconstrained” drew comparisons with some funds that are less traditional, in that they may be long/short, leveraged or just very different.
The Fund’s approach is much simpler, long only, unleveraged active management, but with the ability to hedge. TwentyFour and Vontobel are of the view that the Fund’s objective of an attractive level of income is better reflected in the new title.
The change in name of the Fund is effective alongside the change in name of the business area managing the Fund; from “Unconstrained Credit” to “Multi-Sector Bond”, again to better reflect the focus and activity of the Portfolio Management team.