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This strategy invests in treasury, government-related, corporate and securitized fixed-rate bonds from European issuers, with an allowance for opportunistic exposure to the emerging markets issuers. The strategy is typically benchmarked to the Bloomberg Euro Aggregate Bond Index and can be managed on a currency hedged or unhedged basis.
Why Mondrian for Fixed Income?
Some of the longest track records in the industry – also, some of the strongest
* PRI (Principles for Responsible Investment) scores are based on information reported directly by PRI signatories. All signatories are required to participate and must complete the Reporting Framework to be included. Scores are not indicative of past or future investment performance. Mondrian has not solicited or paid for any of these scores. Mondrian pays signatory dues as part of its obligations as a signatory to the PRI.
Please refer to www.unpri.org for the PRI assessment methodology. Mondrian’s full Assessment Report and Transparency Report may be requested via the PRI Data Portal.
2021 PRI Assessment Scores: Investment & Stewardship Policy: 3 Stars; Direct-Listed equity-Active fundamental–incorporation: 4 Stars; Direct-Listed equity-Active fundamental–voting: 3 Stars; Direct-Fixed income–SSA: 5 Stars; Direct-Fixed income–Corporate: 5 Stars.
European Aggregated Fixed Income Composite (EUR)
|Yield to Maturity (%)|
|Modified Duration (years)|
|Average Maturity (years)|
|Average Credit Rating|
|Number of Issues|
|Information Ratio (3 years)|
Source: Mondrian Investment/Bloomberg
News and Insights
Reading Time: 2 minutes Purchasing Power Parity method (PPP) provides a consistent measure of value across all currencies – a process we have employed since the founding of our firm in 1990.
Reading Time: 2 minutes Only the second time the USD has been over 2 standard deviations overvalued, If history is any guide, the dollar could have much further to fall, boosting the return on unhedged global bonds vs US domestic bonds.