Quarterly Update
Watch the investment team recap this quarter.
(Note: Filmed in October 2024).
INVESTMENT OBJECTIVE
The investment objective of the Global High Yield Bond Fund is to provide a high overall yield and potential for capital growth.
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The Fund will invest at least 80% of its net assets in sub investment grade corporate debt securities of issuers with a credit rating equivalent to BB+ or lower. The Fund can invest in fixed and variable rate and index related securities issued by corporate, government, supranational institutions and local and regional agencies. The Fund may invest up to 20% of its net assets in contingent convertible bonds.
The Fund may also make use of one or a combination of the following instruments / strategies in order to achieve the Fund’s objective including, but not limited to asset and mortgage backed securities, convertible bonds, structured notes, exchange traded derivatives, OTC swaps (such as interest rate swaps, credit default swaps, credit default swaps on indices and total return swaps), forward foreign exchange contracts and preferred stocks.
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ABOUT THIS FUND
- Co-managed from the US and Europe, the fund benefits from a global perspective with local insight
- Research is focused on identifying issuers more likely to outperform and underperform to help generate risk-adjusted returns and avoid defaults
- The global approach allows access to a variety of economies and companies at different stages in the business cycle
