Lower rates a bigger risk for bank equities than for bonds
Market attention in the government bond market has rapidly turned from central banks holding rates “higher for longer” to the potential for “lower and sooner".
A new actively-managed, sustainable Article 9 Fund in an open-ended UCITS structure.
The Fund will aim to exceed the return of the ICE BofA Global Corporate Index over the medium to long term, based on a combination of income and capital growth. The Fund will contribute towards the Paris Agreement’s goal to hold the increase in the global average temperature to below 2˚C above pre-industrial levels. The portfolio managers seek to maximise risk-adjusted returns; considering not just a bond’s expected return but also it’s expected volatility through the economic cycle.
The TwentyFour Sustainable Global Corporate Bond Fund (SGCBF) will be an actively-managed, sustainable Article 9 Fund in an open-ended UCITS structure.
With a focus on companies with credible net zero commitments and applying positive and negative screening, SGCBF will seek out companies with sound ESG practices, rewarding environmental innovation and momentum. The Fund aims to extend TwentyFour’s sustainable range applying our successful track record seeking global relative value in sustainable fixed income investing.
Credit investments sourced from the global fixed income universe - will invest primarily (approximately 70%) in investment grade corporate bonds, but may also invest in government bonds and up to 20% in high yield issues.
Will be managed with strong focus on capital preservation and mitigating volatility. Use of TwentyFour’s proprietary relative value database (‘Observatory’) which also includes our ESG scoring system, meaning ESG analysis is deeply integrated into the Fund’s credit research process, ensuring that all ESG factors are taken into account for every investment decision. Negative and positive screening is applied.
