Quarterly Update
Watch the investment team recap this quarter.
(Note: As at October 2024).
INVESTMENT OBJECTIVE
The Fund aims to provide a return, from a combination of income and capital growth over the long term.
Performance target: To outperform the iBOXX Euro Corporates Index by 1.5% per annum, before the deduction of charges, over any 5 year period.
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The Fund invests at least 80% of its assets in investment grade corporate bonds and other types of investment grade bonds, denominated in Euros. The Fund may invest up to 20% of its net assets in total return swaps, and may invest in contingent convertible bonds (CoCos); and/or asset-backed and mortgage-backed securities.
The Fund may also invest in other assets including bonds of other types from any issuer (including perpetual bonds), cash and money market instruments.
The Investment Manager may use derivatives (complex financial instruments), including total return swaps, with the aim of making investment gains in line with the Fund's objective, to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the iBOXX Euro Corporates Index, which is broadly representative of the bonds in which it may invest, as this forms the basis of the Fund's performance target. The Investment Manager has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.
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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.
ABOUT THIS FUND
- Invests primarily in euro-denominated, investment-grade corporate bonds
- Careful security analysis ensures positions reflect conviction and opportunity rather than benchmark weights
- Strong security analysis blended with top-down macroeconomic analysis, diversification, and risk management
