Our philosophy and process
- The strategy follows an unconstrained, highly dynamic asset-allocation approach within a broad universe of global bonds; it can invest in government, emerging-market, high-yield and corporate bonds. The strategy has the flexibility to manage currency exposure actively to generate additional returns.
- Environmental, social and governance (ESG) considerations are integrated throughout the research process to ensure that any material issues are captured.
State intervention
Authorities have engaged in ever-greater policy intervention and regulation to shore up economic growth. We believe ‘state intervention’ has increased misallocation of capital, caused volatility in markets and inflated asset prices – and we think that calls for a stock-specific approach.
Financialisation
Cheap money has caused rapid growth in a sector already supported by deregulation. ‘Financialisation’ investigates the implications of finance dominating economic activity, instead of serving it.
Investment team
Our Global Dynamic Bond strategy is managed by a focused, experienced fixed-income team. Our global sector analysts and investment managers are located on a single floor in London, which helps to ensure that the investment process is flexible and opportunistic. Guided by our global investment themes, the team works together to identify opportunities and risks through research and debate.
- 21
- years’ average investment experience
- 14
- years’ average time at Newton
-
Paul Brain
Investment leader, fixed income
-
Jon Day
Portfolio manager, fixed income
-
Parmeshwar Chadha
Portfolio manager, fixed income
-
Howard Cunningham
Portfolio manager, fixed income
-
Carl Shepherd
Portfolio manager, fixed income
-
Trevor Holder
Portfolio manager, fixed income
-
Scott Freedman
Analyst and portfolio manager, fixed income
-
Martin Chambers
Credit analyst, fixed income
-
Ashwin Palta
Credit research analyst, fixed income
-
Jeevan Dhoot
Credit analyst, fixed income
-
Catherine Doyle
Investment specialist
Strategy profile
-
Objective
-
To maximise the total return from a globally diversified portfolio, predominantly comprising high-yielding corporate and government bonds
-
Performance benchmark
-
Aims to deliver a minimum return of SONIA (30-day compounded) +2% per annum over 5 years before fees.* In doing so, the strategy aims to achieve a positive return on a rolling 3-year basis. However, a positive return is not guaranteed and a capital loss may occur.
* Please note that on 1 October 2021, the performance benchmark for this strategy changed from 1-month GBP LIBOR +2% to SONIA (30-day compounded) +2%. -
Literature
-
Application form
Key Investor Information Document (KIID)
Prospectus