High starting yields to boost IG demand
With fixed income starting yields at their highest level for a decade, George Curtis expects increasing demand for investment grade bonds to boost the market as we enter 2023.
A global, long-only strategic bond fund with a minimum allocation to sustainable investments.
Vontobel Fund - TwentyFour Sustainable Strategic Income Fund seeks value across the global bond markets, targeting attractive returns throughout the economic cycle with a strong focus on ESG considerations.
Investment objective
The Fund aims to provide an attractive level of income, along with an opportunity for capital growth by investing in a broad range of bonds and fixed income instruments.
The Fund promotes environmental and social characteristics within the meaning of Article 8 of the EU’s SFDR. While the Fund does not have an explicit sustainable investment objective, the portfolio will have a minimum 50% allocation to sustainable investments.
Why invest?
- Our ESG screening process helps to ensure investors’ capital is invested sustainably as required, while still benefiting from TwentyFour’s specialist and active approach to fixed income.
- Negative screening rules out familiar ‘sin’ sectors and corporates from countries with poor ESG practices, then a positive screen excludes any bond issuers below a set threshold.
- A global, flexible fund not tied to any benchmark.
- An investment universe spanning government bonds, investment grade, high yield and emerging markets, as well as more specialist sectors such as subordinated financials and asset-backed securities.
- High conviction approach seeks relative value by geography, sector, bond issuer and type of bond, looking to capture alpha from the bottom-up as well as top-down.
- Long-only and unlevered, but with a hedging toolkit available for managing currency, interest rate and credit risk.
Investment Team
Everything you need to know about…
Our Everything you need to know about… series outlines the key features of more specialist fixed income markets, such as subordinated bank bonds and asset-backed securities (ABS).
