Our Global Short Duration strategy seeks out the best investment opportunities across the global short-term fixed income universe to provide our clients with a return of capital growth and income, with a focus on capital preservation. Our blended, active, flexible approach is designed to deliver stable returns throughout the business cycle and in any rates environment.
A highly skilled team of credit experts with over 120 years of combined experience through all market cycles over the last 25 years.
Our flexible approach is structured to limit risk and access the best opportunities by seeking bonds with hard maturity profiles, blending global investment grade and high yield throughout the business cycle.
Advanced ESG/climate impact analysis is embedded in our decision-making. This, along with ongoing engagement, steers us towards quality issuers.
Identifying what drives the returns of different fixed income sub-asset classes at various points in the business cycle is the key to sustained returns. We move dynamically between credit and duration risk, assessing where each region is within its cycle to steer our top-down allocation.
Our bottom-up analysis begins with positive screening against an exclusion list, followed by an assessment of the ESG-climate profile of each company. Within the reduced universe, fundamental, technical and valuation factors are analysed to provide an overall ranking, which we use to construct the portfolio. We use a scorecard to monitor companies with lower ESG-climate profile assessments and ongoing engagement to encourage best practice.
Fatima Luis, Senior Portfolio Manager, kicked off her investment career at the birth of the euro. She takes us through how the launch of the currency provided a catalyst for credit opportunities and began her journey to becoming a fixed income expert.
“Can I buy below market risk for above market return?” That’s the basis of fixed income specialist Al Cattermole’s investment philosophy, which has been influenced by a credit hedge fund stint alongside his passion for scuba diving.
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