Industry superannuation fund Combined Fund has invested $28 million in fund manager Pengana Capital's Global Bond Fund.
The fund uses a multi-manager approach, investing in seven different funds. It invests in six asset classes: global treasury, global investment grade, corporate credit, bank loans, emerging market debt and cash.
"We managed the global bond fund on behalf of a different client. We have only just launched this fund to the wider market," Pengana Capital chief investment officer Nick Griffiths said.
