London-headquartered asset manager Insight Investment has launched the Insight Buy and Maintain Bond Fund, managed by Adam Mossakowski.

The fund seeks to offer investors exposure to a highly-diversified range of global corporate bonds whilst limiting the negative effects of benchmark tracking strategies, the firm said in a statement.

The firm said the fund also aims to minimise liquidity restraints in the market by avoiding loss from default or deterioration in credit quality while at the same time using coupon flow and and modest secondary turnover to continually refresh the portfolio.

“Insight’s strategy offers credit exposure without the drawback of being benchmarked to market capitalisation-weighted bond indices. Following such indices can result in unintended risks for investors and market capitalisation weighted bond indices expose investors to the biggest issuers of debt. These may also be the most leveraged and indebted companies,” said Mossakowski.