Investec Asset Management (Global Strategy fund, Guernsey).
Global High Income Bond Fund. US$.
This fund has out performed its composite index consistently over the past 3 years, recording returns of 16.7%, 28.2% and 13.5% per annum.
The fund aims to achieve a high level of current income by means of investment in high yielding fixed or floating rate securities of varying maturities,denominated in a spread of the world’s major and minor, freely traded currencies.
Top Ten Holdings.
- Treasury Notes 3% 2006
- (Commonwealth) 7.5% 2009
- (State of) 9.75% 2030
- (Republic of) 5.75% 2008
- (Republic of) 12% 2010
- Bank Nederlandse Gemeenten 5.25% 2009
- Dexia Municipal Agency 4.875% 2008
- Aries Vermogensverwaltung 9.6% 2014
- United Mexican States 6.37% 2013
- RWE Finance 6.37% 2013
Average duration = 3.74 years.
Average credit rating = BBB+
This fund would make a great core holding for any conservative investor’s portfolio.
Buy Investec Global High Income Bond Fund and hold for the long term.