Euro government bonds
This strategy aims to deliver the investor exposure to the European bond market. It primarily invests in government bonds, but also aims to utilize attractive valuations of corporate bonds, covered bonds and other credit based securities. To achieve attractive returns, active country allocation, stock picking decisions as well as active management of the interest rate risk are implemented in the portfolio:
- Active allocation decisions: The main focus lies on active country allocation, which is supported by a quantitative approach. Active curve positioning and the selection of individual bonds with the best risk-return profile are also part of the strategy.
- Duration-overlay strategy: This strategy is being applied to steer the overall duration exposure with liquid financial futures. The overlay strategy aims to decrease the Sub-Fund’s duration exposure in environment of rising yields, while increasing its duration in environments of falling yields.
This strategy is available via segregated account or a UCITS compliant pooled fund.
Pooled fund materials
Data Privacy Notices
Macquarie Euro Government Bond Fund
Key Investor Information Document (KIID)
Please note that these documents must be read in conjunction with the prospectus. The prospectus is available in English or German.
Total expense ratio information
- As a class, bonds carry lower risks than equities.
- The Sub-Fund’s core portfolio is invested in European investment grade securities which are traditionally very liquid.
- The Sub-Fund invests opportunistically in debt instruments with a lower credit quality.
The value of an investment in the Sub-Fund can go up and down. When you sell your shares, they may be worth less than you paid for them. If your currency as an investor is different from the reference currency of the Sub-Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
The Sub-Fund is subject to the following risks:
- Fixed income securities and bond funds can lose value, and investors can lose principal, as interest rates rise.
- The market for investments in emerging market countries may be less developed and it may be difficult for the Sub-Fund to sell its investments in such markets. Investing in emerging markets can be riskier than investing in established markets due to increased volatility and lower trading volume.
- Certain derivatives could increase the Sub-Fund’s volatility or expose the Sub-Fund to losses greater than the cost of the derivatives.
- The issuers of any type of debt could become unable to make payments on their debt to the Sub-Fund.
For full details of the Sub-Fund’s risks, please refer to the prospectus available as mentioned in section “Practical Information”.
These documents are available via the following link: http://www.macquarie.com/mgl/com/mim-emea/en/sicav