South Africa - Institutional
Global Bond Strategy
INSTITUTIONAL
INVESTMENT OBJECTIVE:
The Coronation Global Bond Strategy is a fixed income strategy that invests in a globally diversified portfolio of fixed income and money market instruments of varying maturities. The Strategy aims to maximise total return in a manner which is consistent with the preservation of capital and prudent investment management.
Coronation is a long-term, valuation-driven investment house. Our aim is to identify mispriced assets trading at discounts to their fair value through extensive proprietary research. The fixed income portfolios are positioned on a long term strategic market view, but this is balanced by taking advantage of shorter-term tactical opportunities when the market lags or runs ahead of that strategic view. As active managers, we consider investment decisions across the full spectrum of potential return enhancers. These include duration and yield curve positions, inflation-linked assets as well as yield enhancement through credit enhanced assets. We aim to maximise returns by actively combining both a top-down and a bottom-up approach to portfolio construction.
*Bloomberg Barclays Global Aggregate Bond TR Unhedged USD (LEGATRUU Index).
The value of investments may go down as well as up, and is therefore not guaranteed. Past performance is not necessarily an indication of future performance.
| STRATEGY RETURNS GROSS OF FEES | |||
|---|---|---|---|
| STRATEGY | BENCHMARK* | OUTPERFORMANCE | |
| Since Launch (unannualised) | 47.6% | 10.0% | 37.6% |
| Since Launch (annualised) | 2.6% | 0.6% | 2.0% |
| Latest 15 years (annualised) | 2.6% | 0.6% | 2.0% |
| Latest 10 years (annualised) | 1.8% | 0.2% | 1.6% |
| Latest 5 years (annualised) | 1.3% | (1.6)% | 2.9% |
| Latest 3 years (annualised) | (0.6)% | (4.1)% | 3.5% |
| Latest 1 year | 11.8% | 9.5% | 2.3% |
| Year to date | 1.6% | 0.1% | 1.5% |
| Month | (3.6)% | (3.4)% | (0.2)% |
*Bloomberg Barclays Global Aggregate Bond TR Unhedged USD (LEGATRUU Index).
The value of investments may go down as well as up, and is therefore not guaranteed. Past performance is not necessarily an indication of future performance.