Our strategy takes a highly dynamic approach to global convertibles by selecting high growth opportunities in small and mid-cap companies with a sustainable focus to capture upside potential with an effective protection against volatility.
Reduce your Credit and Interest Rate Risk
As global growth and inflation continue, convertibles can be a diversifier for bond investors looking to reduce the impact of rising interest rates
Diversify your sources of return
For bond and equity investors, convertibles provide access to companies that are not normally found in traditional equity or fixed income benchmarks
We select global convertible issuers with a market capitalisation below US$5 billion that have higher representation in high growth industry sectors, such as healthcare and technology. This small and mid-cap segment, in terms of number of issues, represents close to 50% of the total global convertible universe, yet it remains unrepresented in traditional benchmarks.
We look for young and innovative companies before they become widely recognised, which exhibit strong fundamentals and attractive valuations. We target disrupters that can realise significant growth in revenues and earnings through unique products and market dominance.
We hold a concentrated portfolio of 50 positions, using proprietary research to select companies for their high return potential. Our high-active share reflects an unconstrained approach across sectors and regions, alongside off-benchmark opportunities. We select convertible issuers with balanced profiles to optimise convexity.
The team use exclusions and positive selection, alongside active in-depth analysis and engagement to assess how well a company is managing industry challenges and addressing sustainability and climate transition. The Fund is classified as Article 8 for the purpose of SFDR and will seek to obtain the SRI label awarded by the French Ministry of Finance.
As the compelling potential of convertible bonds increasingly appeals to clients, our discovery strategy is perfectly placed to capture many of the exciting opportunities on offer in the space
Head of UK Wholesale