The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Mediolanum
Mediolanum International Funds Limited has launched the Mediolanum Best Brands Dynamic Bond, a flexible fixed income strategy designed to invest across global fixed income markets and adapt to changing market conditions. 

The firm said it is launching the strategy “against a backdrop of continued volatility in fixed income markets, driven by higher inflation, shifting interest rate expectations and greater dispersion across sectors.”

The strategy invests in government bonds, investment grade and high yield corporate credit, emerging market debt and securitised instruments, with duration and sector allocation managed dynamically in response to market conditions and relative value opportunities. 

Schroders, Pacific Assets
Board directors of the UK-listed Schroder Asian Total Return Investment Company have agreed to merge with Pacific Assets Trust.

The combination, if shareholders of both companies give it the green light, would come at a time when there have been several investment trust consolidations.

In the past 12 months, examples of mergers include Fidelity European Trust/Henderson European Trust (£2.1 billion ($2.8 billion)); Shires Income/Aberdeen Equity Income; Invesco Global Equity Income Trust/Franklin Global Trust; and BlackRock Throgmorton/BlackRock Smaller Companies.

Such mergers typically happen to boost liquidity via greater combined scale, helping to cut share price discounts to net asset value (NAV), and making investment companies more attractive to wealth managers. 

The boards of both trusts have said that the enlarged entity will have a pro forma NAV of about £1.1 billion, based on the two companies’ respective NAVs, as at 9 June 2026, and assuming that the cash option is subscribed in full.