ACTIVE BOND FUND
The fund is an actively managed bond fund with a quantitative bias, investing in cash and high-quality fixed interest assets.
Investment objective and strategy
This fund is an actively managed macro-thematic bond fund investing only in nominal and inflation-linked government bonds, bond derivatives and money market assets. The portfolio is highly liquid and does not invest in illiquid, high-yield credit securities.
We express views on the direction of interest rates and the shape and slope if the yield curve, utilising our hedge fund edge to create alpha within a long-only framework.
The fund aims to generate returns above the JSE All Bond Index of 1,0% annualised over a rolling 36-month investment period, with a maximum tracking error of 2,5%.
This fund is suited to investors who are seeking medium to long term capital growth as well as a regular level of income.
