Fixed income

We seek to deliver outcomes aligned with our investment philosophy and our clients’ needs

Clear philosophy

A clear and consistent investment philosophy based on capital preservation, liquidity and fundamental research

Credentials

$A197.7 billion of assets under management for 147 clients in 16 countries*

Experienced team

Over 115 dedicated investment professionals across three global hubs – Sydney, London and Philadelphia*

Strategies

This flexible, absolute return, multi-sector income strategy provides potential for an attractive solution in the current low-yield bond market environment.

  • combines the benefits of capital preservation with the ability to participate in the upside
  • time tested fixed income strategy with a track record spanning over 10 years
  • flexible and opportunistic approach: covers a wide, global universe investing only when value is present.

This strategy is a core fixed income investment solution investing in global sovereign bonds and credit markets.

Offering a flexible approach and covering a wide universe, we invest only where we see value.

Returns are driven by a combination of sector rotation, duration, country and security selection.

The Strategy provides investors with exposure to developed market government and quasi government bonds.

It adopts a low-risk approach that includes diverse sources of alpha strategies.

We provide investors with unparalleled access to infrastructure debt opportunities. These can be seen as a higher yielding alternative to long-term sovereign and high quality corporate bonds. They have a significantly longer duration and lower risk profile than high-yield debt.

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With an abundance of emerging market issuers, our strong research capabilities enable us to seek consistent excess returns without incurring undue risk for our clients. We consider:

  • issuer risk over sector and country risk resulting in a corporate debt-focused portfolio
  • supply and demand factors such as liquidity and issue structure
  • local political and geopolitical considerations
  • risk-controlled portfolio construction.

Through superior credit research, we are able to generate consistent excess returns over the long term without incurring undue risk. We focus on:

  • proprietary in-depth fundamental research (free cash flow and balance sheet analysis)
  • capital structure and covenant analysis
  • a detailed review of management and industry trends
  • risk control
  • building well-diversified portfolios.

Our superior credit research allows us to generate consistent excess returns without incurring undue risk.

We focus on:

  • proprietary, in-depth fundamental research (free cash flow and balance sheet analysis)
  • bottom-up portfolio construction
  • security-specific risk above sector risk
  • building focused portfolios
  • risk control.

This strategy exploits perceived pricing inefficiencies for securities exposed to credit, prepayment, liquidity and currency risks.

We provide clients with consistent excess return potential over the long term by:

  • focusing on optimal security selection
  • emphasising spread sectors
  • building duration-neutral portfolios with attractive risk and reward characteristics.

We offer a range of Australian fixed interest strategies including:

  • true index, which provides investors pre-tax index returns with no fund management fees
  • enhanced, which seeks to marginally outperform the index through low-risk strategies applied to an indexed core
  • active, which seeks to provide strong and consistent performance over a full market cycle.

We have been one of Australia’s largest money managers since 1980.

With a focus on maintaining liquidity and preserving capital, we offer true to label cash investment solutions.

As one of Australia’s largest credit managers, we seek to improve traditional cash returns with a diversified range of non-government securities.

We focus on high quality credit assets which, in a low yield environment, provide an Australian fixed income alternative with no duration risk.

Insights

Insights are provided by our global team of investment specialists.

Important Information

Fixed Income

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