Global Fixed Income
Analysing the prospects for global bond markets.
Class Qn (GBP)
We take a flexible approach to fixed income, integrating our high-conviction views on countries, interest rates and yield curves as well as credit security selection. We aim to find a balance between core, return-seeking and defensive positions, seeking to anchor performance in times of market stress. The manager is not constrained by the funds benchmark, which is used for performance comparison purposes only. View More...
Class Qdn (GBP)
There is significant divergence across global fixed income markets and global credit cycles are increasingly unsynchronised. This fund seeks to use credit selection capabilities to find value. This includes analysis of factors such as credit statistics, free cash flow generation, security structure and quality of management team. The manager is not constrained by the funds benchmark, which is used for performance comparison purposes only. View More...
In constructing the portfolio, we seek to balance high-conviction positions with sensitivity to sovereign and liquidity risk. A proprietary, independent credit rating is assigned to all issuers and securities. We carry out a deep analysis of each issuers market share, management team quality, and financial strength. View More...
Our approach is to aim to generate consistence performance over the benchmark through a focus on successful alpha generation and effective risk management. The team use bottom-up market fundamental, valuation, and technical analysis to identify opportunities. These are then narrowed down by comparing them within an explicit risk/reward framework. View More...