Multi-Sector

TwentyFour’s Multi-Sector funds aim to deliver superior risk-adjusted returns throughout the cycle.

They are actively managed, high conviction, unconstrained funds. This allows the portfolio managers to target fixed income opportunities across the global universe of bonds, and dynamically adjust asset allocations to suit evolving economic conditions.

We manage these portfolios independent of any market indices and with a strong focus on relative value, looking to provide investors with an attractive level of income alongside opportunities for capital growth.

Funds

3 funds available

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Dynamic Bond Fund

Flexible Bonds

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Share class Currency ISIN Valor NAV YTD As at
A acc (Net) GBP GB00B5KPRZ34 17.92 2.02% 18 Jun 2021
A inc (Gross) GBP GB00B5M01B05 11.20 2.00% 18 Jun 2021
I Acc (Gross) GBP GB00B5VNH238 203.50 2.25% 18 Jun 2021
I Acc (Net) GBP GB00B5VRV677 188.63 2.25% 18 Jun 2021
I Inc (Gross) GBP GB00B57GX403 115.01 2.25% 18 Jun 2021
I Inc (Net) GBP GB00B57TXN82 114.94 2.25% 18 Jun 2021
M Inc (Gross) GBP GB00B8BG8H54 110.45 2.26% 18 Jun 2021
TwentyFour Select Monthly Income Fund

Flexible Bonds

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Share class Currency ISIN Valor NAV YTD As at
Ordinary Share Class GBP GG00BJVDZ946 93.97 5.95% 16 Jun 2021
Vontobel Fund - TwentyFour Strategic Income Fund

Flexible Bonds

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Share class Currency ISIN Valor NAV YTD As at
AH (hedged) EUR LU1380459518 31903287 107.76 1.59% 18 Jun 2021
AH (hedged) USD LU1380459609 31903318 118.33 2.00% 18 Jun 2021
AHN (hedged) CHF LU1683482407 38291774 101.00 1.77% 18 Jun 2021
AHN (hedged) EUR LU1734078311 39472004 102.07 1.90% 18 Jun 2021
AQ GBP LU1695534591 38576552 104.78 1.92% 18 Jun 2021
AQG GBP LU1322872018 30446345 108.24 2.30% 18 Jun 2021
AQH (hedged) Gross USD LU1695534674 38576554 104.47 1.95% 18 Jun 2021
AQH (hedged) Gross EUR LU1695534757 38576557 98.89 1.65% 18 Jun 2021
AQHG (hedged) USD LU1816230046 41604564 110.34 2.37% 18 Jun 2021
AQHG (hedged) EUR LU1816229899 41604558 103.91 1.94% 18 Jun 2021
AQHI (hedged) USD LU1331792082 30671527 116.58 2.30% 18 Jun 2021
AQHN (hedged) EUR LU1325135033 30514904 102.46 1.88% 18 Jun 2021
AQHNG (hedged) EUR LU1325134226 30514898 102.78 1.96% 18 Jun 2021
AQHNG (hedged) USD LU1451580523 33337877 116.15 2.33% 18 Jun 2021
AQN GBP LU1322871630 30445597 108.53 2.21% 18 Jun 2021
AQNG GBP LU1695534328 38576548 105.31 2.28% 18 Jun 2021
G GBP LU1322871713 30445634 133.98 2.30% 18 Jun 2021
H (hedged) EUR LU1551754515 35380297 117.15 1.63% 18 Jun 2021
H (hedged) USD LU1695535135 38576584 120.77 1.96% 18 Jun 2021
HG (hedged) USD LU1717117896 39078859 123.61 2.38% 18 Jun 2021
HG (hedged) EUR LU1717117623 39078855 114.42 1.99% 18 Jun 2021
HI (hedged) USD LU1325144027 30517180 139.90 2.27% 18 Jun 2021
HI (hedged) EUR LU1325141510 30515149 125.68 1.91% 18 Jun 2021
HN (hedged) USD LU1767066431 40236077 121.49 2.25% 18 Jun 2021
HNG (hedged) EUR LU1325133921 30514756 126.57 1.95% 18 Jun 2021
HNG (hedged) USD LU1695535051 38576583 124.14 2.31% 18 Jun 2021
I GBP LU1322871390 30445160 132.73 2.23% 18 Jun 2021
N GBP LU1322871556 30445263 132.51 2.21% 18 Jun 2021
NG GBP LU1322871986 30446217 133.65 2.28% 18 Jun 2021

What are Multi-Sector bonds?

There are some $51 trillion of fixed income bonds outstanding worldwide, comprising multiple geographies, currencies, sectors and types of security.

Multi-Sector funds should be able to control risk and harness reward through both ‘top-down’ macro calls and ‘bottom-up’ stock selection.

At TwentyFour, we believe the biggest advantage of a Multi-Sector strategy for our clients is the outsourcing of these ‘big picture’ decisions to the portfolio managers, who will shift positioning quickly in response to continually evolving macro and market views.

Why invest?

 

Attractive returns

Target attractive returns through steady, repeatable income and capital gain opportunities

Easy to understand

Funds are predominantly long-only, unlevered, and simple to understand, with sparing use of hedging tools in response to specific macro events

Capital preservation

A strong focus on the unwritten rule of fixed income - capital preservation at all times

 

Relative value

Unconstrained strategy allows managers to tactically shift portfolio weightings, helping them to capture relative value opportunities as economic and market conditions change

Stock selection

Added value through both 'bottom-up' stock selection as well as 'top-down' macro calls

Meet the team

 

Insights

24_2021-05-21_blog_reaching-for-the-risk-dial-as-valuations-stretch_teaser
TwentyFour Blog

Reaching For The Risk Dial as Valuations Stretch

Having witnessed the most remarkable turnaround in risk markets over the last 14 months, it makes sense to take stock as fundamentals look to us to be approaching optimal levels. Credit spreads have ground into levels not far from the prior cycle’s tights, and while we remain confident in the underlying fundamentals and a good technical backdrop, recent developments mean that despite this constructive view, our risk appetite has ticked down slightly.
 

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