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 17.37 4.84% 26 Nov 2020
A inc (Gross) GBP GB00B5M01B05 11.05 4.82% 26 Nov 2020
I Acc (Gross) GBP GB00B5VNH238 196.71 5.31% 26 Nov 2020
I Acc (Net) GBP GB00B5VRV677 182.33 5.31% 26 Nov 2020
I Inc (Gross) GBP GB00B57GX403 113.28 5.31% 26 Nov 2020
I Inc (Net) GBP GB00B57TXN82 113.22 5.31% 26 Nov 2020
M Inc (Gross) GBP GB00B8BG8H54 109.14 5.27% 26 Nov 2020
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 89.93 3.81% 25 Nov 2020
Vontobel Fund - TwentyFour Strategic Income Fund

Flexible Bonds

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Share class Currency ISIN Valor NAV YTD As at
AH (hedged) USD LU1380459609 31903318 114.94 6.80% 27 Nov 2020
AH (hedged) EUR LU1380459518 31903287 105.23 5.51% 27 Nov 2020
AHN (hedged) CHF LU1683482407 38291774 98.43 5.85% 27 Nov 2020
AHN (hedged) EUR LU1734078311 39472004 99.30 5.98% 27 Nov 2020
AQ GBP LU1695534591 38576552 103.23 5.94% 27 Nov 2020
AQG GBP LU1322872018 30446345 106.57 6.70% 27 Nov 2020
AQH (hedged) Gross EUR LU1695534757 38576557 98.36 5.52% 27 Nov 2020
AQH (hedged) Gross USD LU1695534674 38576554 103.45 6.78% 27 Nov 2020
AQHG (hedged) EUR LU1816229899 41604558 102.74 6.38% 27 Nov 2020
AQHG (hedged) USD LU1816230046 41604564 108.49 7.60% 27 Nov 2020
AQHI (hedged) USD LU1331792082 30671527 114.70 7.42% 27 Nov 2020
AQHN (hedged) EUR LU1325135033 30514904 101.30 6.13% 27 Nov 2020
AQHNG (hedged) EUR LU1325134226 30514898 101.52 6.22% 27 Nov 2020
AQHNG (hedged) USD LU1451580523 33337877 114.23 7.59% 27 Nov 2020
AQN GBP LU1322871630 30445597 106.88 6.52% 27 Nov 2020
AQNG GBP LU1695534328 38576548 103.72 6.66% 27 Nov 2020
G GBP LU1322871713 30445634 129.75 6.70% 27 Nov 2020
H (hedged) EUR LU1551754515 35380297 114.37 5.37% 27 Nov 2020
H (hedged) USD LU1695535135 38576584 117.34 6.82% 27 Nov 2020
HG (hedged) USD LU1717117896 39078859 119.53 7.57% 27 Nov 2020
HG (hedged) EUR LU1717117623 39078855 111.24 6.16% 27 Nov 2020
HI (hedged) USD LU1325144027 30517180 135.44 7.41% 27 Nov 2020
HI (hedged) EUR LU1325141510 30515149 122.30 5.97% 27 Nov 2020
HN (hedged) USD LU1767066431 40236077 117.64 7.41% 27 Nov 2020
HNG (hedged) EUR LU1325133921 30514756 123.08 6.16% 27 Nov 2020
HNG (hedged) USD LU1695535051 38576583 120.13 7.48% 27 Nov 2020
I GBP LU1322871390 30445160 128.65 6.56% 27 Nov 2020
N GBP LU1322871556 30445263 128.46 6.53% 27 Nov 2020
NG GBP LU1322871986 30446217 129.46 6.67% 27 Nov 2020

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

 

Multi-Sector Insights

 

TwentyFour Blog

Time to Get Tactical in Treasuries?

Regular readers will know that we have a positive medium term view of spread products. This is based on a number of factors; valuations in our view are reasonably attractive compared to history, we are convinced that both monetary and fiscal stimulus will remain in place for an extended period of time, and perhaps most importantly we remain at a very early stage of the new cycle. Conversely, and for similar reasons, our view on government bonds at the moment is not bullish.

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TwentyFour Blog

Barclays Boosts Case for Bank Bonds Over Equity

Barclays announced its results for the third quarter of 2020 this morning, with a number of media outlets opting to focus on a 6% year-on-year reduction in top-line income. But looking in more detail, in our view this was a solid set of numbers from the UK bank, a timely reminder of how robust the major banks have proven to be this year and how well they have managed their way through the current crisis.

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