American Beacon Advisors has launch of the American Beacon Apollo Total Return Fund, a newly organized interval fund and cross-platform credit vehicle.
The American Beacon Apollo Total Return Fund is the result of a partnership between American Beacon and Apollo Global Management.
The new fund’s strategy is to allocate investments across the credit landscape to areas in which Apollo believes produce the most attractive risk-adjusted returns.
The American Beacon Apollo Total Return Fund was developed in response to investors’ increasing appetite for strategies that have the flexibility to invest in multiple sectors and asset classes with the goal of delivering an attractive return and risk profile with lower correlation to traditional investments. The fund employs a strategy that has traditionally only been available to institutional investors. Delivering the product as an interval fund rather than as a mutual fund enables the Apollo team to leverage the strengths of its credit platform and encourages clients to stay invested long-term to fully realize the benefits.
