Lord Abbett said that the fund is specifically designed for investors concerned about the impact of inflation on future purchasing power.
The Inflation Focused Fund’s investment strategy will utilize a combination of short-term credit instruments and inflation-linked investments to deliver investment returns that exceed the rate of inflation over a full economic cycle.
Lord Abbett managing partner Daria Foster said that with inflation concerns increasingly on the minds of clients and business partners, the firm wanted to provide a product that seeks to deliver positive returns in an inflationary environment while helping to guard investors during periods of rising interest rates.
The fund will be managed by a team of Lord Abbett investment professionals. Robert Lee, partner and director of taxable fixed income, will oversee the portfolio management team of Andrew O’Brien, partner, and Kewjin Yuoh, with the support of 21 investment professionals.
