Nest seeks to further diversify its portfolio through a global investment grade corporate bond mandate

NEST is today inviting tenders for an actively managed global investment grade corporate bond fund. This new mandate will be added to the existing range of ‘building blocks’ funds that make up the scheme’s NEST Retirement Date Funds and some alternative fund choices. 

The scheme is seeking a fund manager that has a high quality repeatable investment process, a robust risk management framework and who considers environmental, social and governance factors. 

Mark Fawcett, NEST’s Chief Investment Officer, said:

“NEST already has exposure to UK investment grade corporate bonds and expanding into this asset class is a natural progression as our assets under management continues to grow.
“Adding global investment grade credit to our funds supports NEST’s diversification strategy and gives us opportunities to earn the best stable returns necessary in order to support our long-term investment objectives.”

Responses to this tender can be submitted via NEST’s e-tendering portal at https://nesttenders.bravosolution.co.uk by 12.00 noon, 15 February 2019.

Notes to editors
For more information, please contact: Eimear Collins: +4420 3056 3947; eimear.collins@nestcorporation.org.uk