Canada Global Bond

Strategy Highlights

  • Seeking to maximize total returns from capital and income growth
  • Focused on government-bond investments, but can also include securities issued by supranational organizations and government-guaranteed issues
  • Bonds and currencies are actively managed by an experienced fixed-income team with a long track record
  • Security selection driven by bottom-up proprietary research which is underpinned by our multidimensional approach

This strategy is offered by Newton Investment Management Ltd (‘NIM’). NIM is part of the Newton Investment Management Group.
Learn more about our multidimensional investment philosophy

Strategy Profile

Objective

The strategy seeks to outperform the JP Morgan Global Government Bond Index by more than 1% per annum over rolling 5-year periods, by achieving long-term income and capital growth from a portfolio comprised predominantly of government and other public fixed-income securities.

Performance benchmark

JP Morgan Global Government Bond Index

Strategy inception

Composite inception: January 1, 1996

Investment Team

The strategy is managed by an experienced team with a wide range of backgrounds. In-house research analysts are at the core of our investment process, and our multidimensional research capabilities help to promote better-informed investment decisions.

Want to find out more?

Contact us
Jon Day
Jon Day

Portfolio manager, Fixed Income team

Trevor Holder
Trevor Holder

Portfolio manager, Fixed Income team

Ella Hoxha
Ella Hoxha

Head of Fixed Income

Howard Cunningham
Howard Cunningham

Portfolio manager, Fixed Income team

Insights

Blog

Global Dynamic Bond: Navigating the Current Market Cycle

Amid a backdrop of uncertainty and financial-market correction, where are the opportunities for fixed-income investors?
May 7, 2025 Ella Hoxha
Blog

Newton’s Top 10 Debates for 2025

We debate the most out-of-consensus viewpoints for 2025.
January 7, 2025 Brock Campbell, Newton secular research team
Blog

Fixed-Income Outlook 2025: Opportunity and Uncertainty

We assess the global outlook for 2025 and uncover the key areas of opportunity for bond investors.
December 12, 2024 Ella Hoxha

Your capital may be at risk. The value of investments and the income from them can fall as well as rise and investors may not get back the original amount invested.

ESG can be one of many inputs into the fundamental analysis. Newton will make investment decisions that are not based solely on ESG analysis. Other attributes of an investment may outweigh ESG analysis when making investment decisions. The way that material ESG analysis is assessed may vary depending on the asset class and strategy involved. As of September 2022, the equity investment team performs ESG analysis on equity securities prior to their recommendation. ESG analysis is not performed for all fixed-income securities. The portfolio managers may purchase equity securities that are not formally recommended and for which ESG analysis has not been performed.

Key Investment Risks

  • Objective/Performance Risk: There is no guarantee that the strategy will achieve its objectives.
  • Currency Risk: This strategy invests in international markets which means it is exposed to changes in currency rates which could affect the value of the strategy.
  • Derivatives Risk: Derivatives are highly sensitive to changes in the value of the asset from which their value is derived. A small movement in the value of the underlying asset can cause a large movement in the value of the derivative. This can increase the sizes of losses and gains, causing the value of your investment to fluctuate. When using derivatives, the strategy can lose significantly more than the amount it has invested in derivatives.
  • Changes in Interest Rates & Inflation Risk: Investments in bonds/money market securities are affected by interest rates and inflation trends which may negatively affect the value of the strategy.
  • Credit Ratings and Unrated Securities Risk: Bonds with a low credit rating or unrated bonds have a greater risk of default. These investments may negatively affect the value of the strategy.
  • Credit Risk: The issuer of a security held by the strategy may not pay income or repay capital to the strategy when due.
  • Emerging Markets Risk: Emerging Markets have additional risks due to less-developed market practices.
  • China Interbank Bond Market and Bond Connect risk: The strategy may invest in China interbank bond market through connection between the related Mainland and Hong Kong financial infrastructure institutions. These may be subject to regulatory changes, settlement risk and quota limitations. An operational constraint such as a suspension in trading could negatively affect the strategy’s ability to achieve its investment objective.
  • CoCos Risk: Contingent convertible securities (CoCos) convert from debt to equity when the issuer’s capital drops below a pre-defined level. This may result in the security converting into equities at a discounted share price, the value of the security being written down, temporarily or permanently, and/or coupon payments ceasing or being deferred.
  • Counterparty Risk: The insolvency of any institutions providing services such as custody of assets or acting as a counterparty to derivatives or other contractual arrangements, may expose the strategy to financial loss.