Bestinvest says
No information available.
The fund's primary aim is to generate growth in income with some capital growth through a long term investment approach. The fund invests in an internationally diversified selection of fixed income stocks denominated in a variety of currencies.
The majority of the portfolio is invested in less risky investment grade bonds although it should be noted that there is some exposure to the European high yield and Emerging market debt. The structure of the fund is very much a factor of the in house view on the global macro economy which is taken to the Fixed Income level and forms the the Strategic Investment Outlook. Value is then added by making taking tactical shifts between government, credit and high yield debt along with switches between currencies. Duration is also actively managed with the aim to capture gains but is usually neutralised during bear market conditions in order to defend capital.