Investment Objective
The funds objective is to achieve a total return from a portfolio of global sovereign debt (including Emerging Market Countries) through active interest rate, credit and currency management.
Latest Meeting Note
Rating Change 16 May 2017
While the fund is only a year and half old, the realised track record is undeniably strong with the fund annualising at 9.3%, ahead of the fund’s cash plus 5-7% target. For investors with long-only government bond exposure, the fund may ...
While the fund is only a year and half old, the realised track record is undeniably strong with the fund annualising at 9.3%, ahead of the fund’s cash plus 5-7% target. For investors with long-only government bond exposure, the fund may make an interesting option as both a diversifier and a source of greater returns. We are encouraged to see the fund delivering for investors with the net returns generated by the strategy undeniably strong. As such we are pleased to upgrade the fund to a four star rating.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.5 | 0.2 | 0.4 | 0.0 | 0.6 | 0.1 | 0.1 | 0.1 | 0.9 | 0.3 | 0.6 | 0.2 | 0.2 | |
| 2023 | 0.5 | 0.4 | 1.0 | 0.6 | 0.7 | 0.2 | 0.8 | 0.5 | 0.6 | 0.3 | 0.3 | 0.2 | 0.8 |
