Pioneer launches multi-sector bond fund

With investors still wary of stock markets and deposit interest rates near all time lows, Pioneer Investments is adding a new sub-fund to its Luxembourg range called Strategic Income that will invest across the full range of bonds, from governments to high yield. The fund aims to actively rebalance the fund's assets among fixed-income categories and avoid benchmarking by maintaining a heavy exposure to high-yield bonds, but including enough high-grade paper to maintain an average weighting of BBB- or better.