Our approach to absolute return investing in fixed income is designed to deliver positive returns through a wide range of market conditions while keeping to specified limits for drawdown and volatility.
This highly flexible, multi-strategy investment approach targets steady positive returns, with a specific focus on managing volatility and limiting losses during difficult market conditions. It invests across global bond markets and currencies according to where we identify value.
It has the freedom to adjust sensitivity to interest rate movements, as well as the blend of bond and currency exposures, based on an assessment of macroeconomic, asset, sector and stock-level factors.
We typically aim to have a high degree of diversification in bond selection, investment themes and sources of return. Key to our approach is seeking to achieve the performance objective while limiting losses during difficult market conditions.