Investment approaches
Global Dynamic Bond Income
An income-focused, unconstrained bond strategy
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An activity managed fixed-income strategy, with flexibility at the asset-allocation level
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Focus on delivering sustainable income with monthly distributions
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Flexibility to manage currency exposure actively to generate additional returns
Our philosophy and process
- The strategy aims to deliver sustainable income by investing opportunistically in a broad universe of bonds – principally government bonds, emerging-market sovereigns, high-yield bonds and investment-grade corporate debt. The strategy will seek to take advantage of the changing economic cycle by altering the weightings of these broad fixed-income asset classes while always maintaining some exposure to higher-yielding assets in pursuit of its income objective.
- A constantly evolving and forward-looking approach seeks to anticipate change, manage risk, and identify opportunities. ESG considerations are integrated throughout the research process and via proprietary quality reviews, to ensure that any material issues are captured.
Every time we consider a security or look at an industry or country, it’s in the context of what’s happening across the world. We believe the investment landscape is shaped over the long term by some key trends, and we use a range of global investment themes to capture these.
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 Income 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.
- 18
- years' average investment experience
- 10
- years' average time at Newton
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Paul Brain
Investment leader, fixed income
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Howard Cunningham
Portfolio manager, fixed income
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Parmeshwar Chadha
Portfolio manager, fixed income
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Jon Day
Portfolio manager, fixed income
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Carl Shepherd
Portfolio manager, fixed income
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Trevor Holder
Portfolio manager, fixed income
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Scott Freedman
Analyst and portfolio manager, fixed income
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Martin Chambers
Credit analyst, fixed income
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Ashwin Palta
Credit research analyst, fixed income
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Anna Martinez
Credit research analyst, fixed income
Strategy profile
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Objective
- To provide income from a global portfolio of fixed-interest securities.
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Strategy size
- Below £200m (as at 30 September 2018)
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Strategy inception
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Composite inception: 1 June 2016
Representative portfolio (Newton Global Dynamic Bond Income Fund) inception: 9 May 2016
Factsheet
Facts and commentary for the past quarter's fund and market performance.
Key Investor Information Document
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.