Our approach to global bond funds
A core capability with a ten-year track record, our aim is to generate stable and consistent attractive risk-adjusted returns relative to its benchmark. We do this through robust portfolio construction, harnessing firm-wide expertise and embedding (non-binding) ESG considerations throughout our investment process.
*This fund promotes environmental and social characteristics however does not have a sustainable investment objective. To be eligible for investment, sovereign issuers must meet the minimum standard of the Investment Managers’ ESG Sovereign Assessment. All investments that are selected as part of the ESG analysis must follow good governance practices and not be excluded by the ESG Baseline Exclusions Policy. It may however not be possible to perform ESG analysis on cash, derivatives and other third-party collective investment schemes.
Outside of any binding ESG criteria, the Investment Manager retains discretion over investment decision making.
Experienced investment team
Our portfolio managers have 32 years of combined industry experience and can draw on the expertise of more than 60 investment professionals covering a wide range of asset classes globally as part of our Multi-asset and Macro, Liquidity Driven Investments and Emerging Market Debt teams.
Robust portfolio construction
Top-down and bottom-up five-step investment approach with a strong emphasis on the MFVT model: macro, fundamental, valuation, and technical. The team has global and local expertise to identify investment opportunities and considers contributions to major risk factors such as interest rates, spreads, inflation, and country risk.
Potential benefits of global sovereign bond funds
Our global sovereign bond fund has the potential for attractive, sustainable, risk-adjusted returns from investment-grade economies.
Key risks
For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.
The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.
Global Sovereign Bond Fund team
Edward Hutchings
Head of Rates
Kurt Knowlson
Senior Portfolio Manager
Steve Ryder
Senior Portfolio Manager
Dan Bright, CFA
Junior Portfolio Manager, Multi-asset & Macro
Need more information?
For further information, please contact our investment sales team.
Explore our fixed income range
Fixed income views
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Buy it or build it: Why innovation is key in healthcare
1 Jun 2023
Healthcare is a dynamic industry, but patent expiries from 2025 and drug-price reform in the US pose challenges. Innovation will be key for continued success, as experts from our credit, equity and ESG teams explain.
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Global megatrends: How climate, nature and social change will reshape economies
30 May 2023
Climate change, natural resource scarcity and social shifts are transforming the corporate landscape. Investors need to understand the implications of these sustainability megatrends to manage risks and seize opportunities.
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Forget what you think you know: Staying humble in a world of rising risk
16 May 2023
In a world where potential pitfalls loom around every corner, Peter Fitzgerald and Ian Pizer explain why investors need to look beyond what financial models are telling them to keep portfolios resilient to the challenges ahead.
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Global sovereign bonds: Are peak rates in sight?
15 May 2023
Higher interest rates may be reaching their peak. Steve Ryder and Daniel Bright from our sovereign debt team analyse what this means for the real economy and government bonds globally.
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It’s a new dawn, it’s a new day: But are fixed-income investors feeling good?
11 May 2023
James Vokins and Chris Higham from our investment-grade credit team discuss opportunities and risks in a higher rates world.
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Fragilities exposed as cheap money disappears
5 May 2023
Cracks have begun to emerge in the banking sector in recent weeks. As the tide of cheap money that has flooded financial markets for more than a decade ebbs, members of our investment teams are on the lookout for other signs of distress.
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Viewing emerging-market debt through a fresh lens
4 Apr 2023
With a series of shocks hitting the emerging-market sovereign bond universe in recent years, investors need to be alert to the danger individual countries’ debt is being placed in the wrong risk bucket and mispriced, argues Carmen Altenkirch.
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Boxing clever: Portfolio construction in investment-grade credit
31 Mar 2023
Mark Miller and James Vokins explain how our portfolio construction process for investment-grade credit could benefit investors in the new market regime.
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Boom! Shake the gloom? Does China’s reopening mark a new beginning?
29 Mar 2023
China looks set for a rapid economic rebound in the first quarter after finally abandoning its zero-COVID policy. But will the recovery prove temporary as longer-term dynamics reassert themselves?
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The investment implications of peak fossil fuels
24 Mar 2023
Energy analyst Kingsmill Bond considers if peak fossil-fuel consumption has been reached and whether investors appreciate the implications.
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Climate adaptation and resilience: Preparing for a warmer, wilder world
22 Mar 2023
Millions of hours have been spent negotiating net-zero targets, but many human-led climate impacts are already locked in. Our credit and equities portfolio managers explain where they see opportunities in solutions providers that will help society adapt for the new reality.
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All change: Positioning for a new market regime and climate action in IG credit
17 Mar 2023
Justine Vroman and Tom Chinery discuss the opportunities in investment-grade credit to drive climate action.
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China, the Fed and fiscal buffers: What next for emerging-market debt
13 Mar 2023
While uncertainty around the US rate-hiking cycle is affecting appetite for emerging-market debt, discerning investors can still find attractive opportunities in 2023, say Aaron Grehan and Carmen Altenkirch.
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Gas versus renewables: Does natural gas have a future?
8 Mar 2023
The war in Ukraine has thrown up huge uncertainties around the role of gas in the energy system. Experts from our credit, ESG and real assets teams discuss the implications for traditional energy and renewables companies.
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What does the data say? Three charts multi-asset investors should know about
6 Mar 2023
We take a visual approach to explain what’s happening with bonds, equities and oil.
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Bank securities: Unloved, but why?
16 Feb 2023
Oliver Judd and Betty Sanchez Torres argue that despite a recovery in prices, banking sector securities continue to offer value so long as a deeper recession is avoided.