Strategies

David Wakefield, CIO and Matt Day, Senior Portfolio Manager, of the Global Fixed Income
& Currency Team discuss the following:

  • Introduction of our fixed income philosophy and process
  • How we incorporate currency into our investment process
  • What has driven our long-term success in Emerging Market Debt

All fixed income strategies utilize the same value-oriented, defensive investment philosophy, which is centered on global fixed income markets that offer high income in real (inflation-adjusted) terms. This approach has been applied successfully for almost 30 years.

Please contact us to learn more about the strategies.

Global Bonds

Global Fixed Income – 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 Citigroup World Global Government Bond Index or JPMorgan Global Government Bond Index and can be managed on a currency hedged or unhedged basis.

Global Aggregate Fixed Income – This strategy invests in treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. The strategy is typically benchmarked to the Barclays Capital Global Aggregate Index and can be managed on a currency hedged or unhedged basis.

Global Debt Opportunities – The strategy invests in treasury, government-related, and corporate bonds from both developed and emerging markets issuers. The strategy is typically benchmarked to a customized blend between the Citigroup World Government Bond Index or JPMorgan Global Government Bond Index and the JPMorgan Global Bond Index – Emerging Markets Global Diversified.

International Bonds (ex US)

International Fixed Income – The 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 JPMorgan Global Government Bond ex US Index and can be managed on a currency hedged or unhedged basis.

International Aggregate Fixed Income – The strategy invests in treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. The strategy is typically benchmarked to the Barclays Capital Global Aggregate ex US Index and can be managed on a currency hedged or unhedged basis.

International Debt Opportunities – The strategy invests in treasury, government-related, and corporate bonds from both developed and emerging markets issuers. The strategy is typically benchmarked to a customized blend between the FTSE World Government Bond non-US Index or JPMorgan Global Government Bond ex US Index and the JPMorgan Global Bond Index – Emerging Markets Global Diversified.

Emerging Markets Bonds

Local Currency Emerging Markets Debt – This strategy invests in local currency treasury and government-related emerging market bonds. Portfolios may be opportunistically allocated to emerging market corporate credit and hard currency (USD denominated) issues. The strategy is typically benchmarked to the JPMorgan Global Bond Index – Emerging Markets Global Diversified.

Hard Currency Emerging Markets Debt – The strategy invests in hard currency (USD denominated) treasury and government-related emerging market bonds. Portfolios may be opportunistically allocated to emerging market corporate credit and local currency issues. The strategy is typically benchmarked to the JPMorgan Emerging Markets Bond Index Global Diversified.

Blended Currency Emerging Markets Debt – The strategy invests in treasury and government-related emerging market bonds in local and hard currencies. Portfolios may be opportunistically allocated to emerging market corporate credit. The strategy is typically benchmarked to a blend between the JPMorgan Global Bond Index – Emerging Markets Global Diversified and the JPMorgan Emerging Markets Bond Index Global Diversified.

Global Inflation Linked Bonds

Global Inflation-Linked Bonds – The strategy invests in investment grade, government inflation-linked debt and is typically benchmarked to the Barclays World Government Inflation-Linked Bond Index.