International Fixed Income
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This strategy invests in treasury and government-related developed market bonds with select exposure to emerging countries. Portfolios may opportunistically allocate to high-quality, developed market investment grade corporate credit. The strategy is typically benchmarked to the FTSE World Government Bond non-US Index or JP Morgan Global Government Bond ex US 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.
As of December 31, 2022
International Fixed Income Composite (USD)
Mondrian Investment Partners Limited (“Mondrian”) claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. A GIPS Composite Report is available on request from email@example.com.
This introductory material is for informational purposes only and is not an offer or solicitation with respect to any securities. Any offer of securities can only be made by written offering materials, which are available solely upon request, on an exclusively private basis and only to qualified financially sophisticated investors residing in jurisdictions consistent with Mondrian’s regulatory authorizations. The information set forth herein is a summary only and does not set forth all of the risks associated with the investment strategy described herein.
As of December 31, 2022
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News and Insights
Reading Time: 2 minutes One thing that prior episodes of dollar overvaluation have in common is that they did not last. In each case, the US dollar, as measured by its trade-weighted exchange rate against a basket of its peers, saw a massive depreciation over a multi-year period.
Reading Time: 2 minutes Against the US dollar, the Japanese yen is at a 24-year low. Over the same period, the domestic purchasing power of the dollar has almost halved, whilst that of the yen has barely moved.