Recent sharp falls in bond markets have reminded investors of the dangers of long dated fixed income securities. For those looking for good levels of income without the volatility of equities, this presents a problem.
Jeff Keen and Chun Lee, managers of the Waverton Global Bond Fund, are dedicated to providing a solution. The fund, which celebrated its third year anniversary earlier this year and returning 10.7 per cent from inception to 30 June 2013, sits in the top quartile in its sector and has outperformed the Citigroup World Government Bond Index, its Morningstar peer group and USD cash whilst maintaining very low volatility in the fund.
The fund has also weathered the recent sell-off in bond markets well, ranking within the top decile of its Morningstar peer group year to date.
Keen says: “Having a robust and flexible strategy over a wide range of securities in the global fixed income spectrum has been key to the success of the fund, which has performed well, despite operating in such a volatile market environment.
“Even with the recent market disruption, there are still attractive yields to be found in bonds and we are confident that with our bespoke investment strategy we can continue the strong performance going forward.”
Hugh Grootenhuis, chief executive at JOHIM, says: “With over USD100m AUM, the fund continues to be popular with wealth managers and private clients who like its flexible approach and strong returns. Despite the increasingly volatile markets, the fund has had an impressive start to the year, outperforming the Global Bond index by 5.3 per cent. Thanks to the Waverton Global Bond team’s investment approach, experience and expertise, the fund has provided real returns and continues to outperform cash, its index and its peers.”