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Mirabaud Global Short Duration Strategy

STRATEGY OVERVIEW

Mirabaud Global Short Duration Strategy

A pure-play approach combining flexibility with controlled risk.

 

Mirabaud Global Short Duration aims to provide a return of capital growth and income by seeking out the best investment opportunities across the global short-term fixed income universe.

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.

The strategy invests primarily in investment grade short-term debt securities.​ We focus on hard maturity (not callable) bonds to limit default, extension risk and volatility. 

 

How we minimise default risk

 

  1. APPROACH — We focus on hard-maturity bonds, rather than callable bonds, to limit default potential, extension risk and higher volatility.
  2. DISCIPLINE — We do not implement a barbell strategy as a result of our approach, which means no hidden duration risk. 
  3. RESEARCH — Our approach is augemented by global credit analysts that deep-dive on company fundamentals. 

 

Portfolio Characteristics

GLOBALAbility to exploit a broader range of value opportunities.
QUALITY BIASActive rotation between global investment grade and high yield with risk constraints.
BBB- MIN. AVERAGE CREDIT QUALITYStructured to limit risk and access opportunity.
HARD MATURITY LIMITLimits duration and extension risk by seeking bonds with hard maturity profiles.
SFDR ARTICLE 8Advanced ESG and climate analysis integration means we can filter a wide universe on a best-in-class approach.
SPECIALIST TEAM3 PMs, 6 risk managers, 3 SRI analysts, 3 dealers.
CULTURE OF DEBATETeam sits together, facilitating idea sharing and the timely discussion of market news.

 

Strategy Highlights

EXPERTISE

Credit expertise and a forward-looking view to identify strong opportunities and avoid defaults.

SRI analysis and ongoing engagement steer us towards quality issuers.

DYNAMIC APPROACH

Top-down informs our dynamic allocation across the different geographies, sectors and components of the global fixed income universe.

We respond quickly to change — timing is critical.

TOTAL RETURN

Broad universe with high conviction views required to generate total returns through the cycles.

Mitigating down-market risk through active hedging.

Strategy Resources

Fund Information

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Monthly Reporting

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Monthly Commentary

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Portfolio Managers

Fixed Income

Meet the manager - Andrew Lake

From trading football cards as a child in Kuwait, to head of Fixed Income at Mirabaud Asset Management, Andrew Lake discusses his career in investment, sustainability and what he loves about the job. 

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Fixed Income

Meet the manager - Fatima Luis

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.

Watch the meet the manager video

Fixed Income

Meet the manager - Al Cattermole

“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.

Watch the meet the manager video

Fixed income insights

Author
Andrew LAKE
Author
Andrew LAKE
Author
Andrew LAKE
Author
Al CATTERMOLE
Author
Andrew LAKE
Author
Fatima LUIS
Author
Andrew LAKE

Fixed Income

The magical 2%

Author
Andrew LAKE
Contact

Contact Us

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Jérôme PAGANINI

Head of Sales Switzerland & Wholesale Central Europe (FraBeNeLux – DACH)

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Alexis DINSFRIEND

Sales Executive

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Louis William WAGNER LEY

Wholesale Manager

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Hugo BARBIER

Sales Executive

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Benjamin CARTER

Head of UK Wholesale

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Elliot FOWLES

UK Wholesale Sales

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Deji IJAIYA-HARVEY

UK Wholesale Sales

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David BASOLA

Head of Southern Europe

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Isabelle RICHARD

Head of Sales France

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Jérôme SPOHN VILLEROY

Wholesale Director

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Elena VILLALBA

Director Iberia & Latam

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Ilaria MALACCO

Senior Sales Executive, Italy

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Pablo SAN JOSÉ PEÑA

Sales Iberia & Latam

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