The international arm of the US investment house Eaton Vance is offering clients exposure to global credit markets.

Eaton Vance Management International, part of New York-listed Eaton Vance, has launched a multi-asset credit fund, initially available to investors in the UK and Ireland.

The Eaton Vance (Ireland) Multi-Asset Credit Fund seeks to provide investors with broad exposure to global sub-investment grade credit markets, mainly through higher yielding credit assets including global high-yield bonds and floating-rate loans. Up to 40 per cent of the fund’s assets may be allocated to opportunistic and risk-reducing fixed income asset classes. The strategy will also be available to investors as a customisable segregated mandate.

The fund's co-portfolio managers are Jeffrey Mueller, Justin Bourgette, and John Redding. All three are vice presidents at the firm.

“Eaton Vance is an experienced manager of investments across the global credit spectrum. Bringing our multi-asset credit capability to investors in a QIAIF (qualifying investor alternative investment fund) structure is a natural evolution of our market leadership position in leveraged credit,” said Payson Swaffield, chief income investment officer of Eaton Vance. 

“I am confident that the combination of Jeff, Justin and John will allow us to provide an attractive strategy for investors seeking higher yields and strong, sustainable returns.”

With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $318.7 billion in assets as of 30 April 2016, of which $45.3 billion were held in global leveraged credit assets. The firm serves both individuals and institutions.