With global fixed income yields at levels not seen since 2008, this strategy is designed for European investors to get ahead of anticipated rate cuts by locking in higher yields now.
A globally diversified portfolio will focus on investment grade bonds from developed markets, with an allocation to high yield where there are interesting opportunities to enhance the return potential.
The strategy will be managed by Al Cattermole and Fatima Luis, both seasoned investors in the global credit sector, and will leverage the expertise of the wider Fixed Income team to closely monitor the credit profile of bond issuers. The team targets higher quality issuers to minimise default risk.
The strategy launches on 25th April and will be available to retail and professional investors in Luxembourg, France, Italy, Spain and Switzerland. It is designed to be held to maturity in December 2029.
Commenting on the launch, Andrew Lake, Head of Fixed Income at Mirabaud Asset Management said:
“We believe there is a great opportunity for investors to lock in over 4% gross yield to maturity for the next five years, in an environment where we expect European yields to decline. This compares favourably with government rates available across Europe and offers investors a simple, transparent fixed income solution managed by an experienced team with an excellent track record”.
Biographies
Andrew Lake, Head of Fixed Income
Andrew has experience in the asset management industry since 1996. Prior to joining Mirabaud Asset Management in 2013, Andrew was Head of High Yield Portfolio Management at Aviva Investors. He has managed High Yield funds at Merrill Lynch Investment Managers, where he was responsible for High Yield in London, and at F&C Investments, where he co-managed the institutional High Yield product. He also managed investment grade funds at IBJ Asset Management. Andrew has a history degree from the University of York, an M.B.A from the Booth School of Business at the University of Chicago and is a non-practicing barrister.
Fatima Luis, Senior Fixed Income Portfolio Manager
Fatima joined Mirabaud in June 2013 from F&C where she spent 14 years managing high yield and credit retail funds including the F&C Strategic Bond Fund as well as helping to oversee the institutional global yield mandates totalling approximately $1billion in assets. Fatima started her investment career in 1996 working in EM corporate debt before moving to Royal and Sun Alliance in 1998 to help develop the credit and high yield retail proposition. Fatima has a degree in International Relations from Wheaton College, Massachusetts and an MSc from the London School of Economics.
Al Cattermole, Portfolio Manager
Al joined Mirabaud in November 2013, from Goldbridge Capital Partners where he was responsible for corporate credit research. Al has previously covered global corporates as an executive director at JP Morgan Asset Management and as an analyst at ECM, having started in credit markets at the Bank of England in 2004. Al has been a CFA Charterholder since 2008 and holds a BA in Economics from the University of Durham.