Newton Global Dynamic Bond Fund

The Newton Global Dynamic Bond was established in 2006 and has had the same management team since launch. The manager has a very simple strategy of delivering positive returns of LIBOR plus 2%, after charges. Over three years the return is 2.32% p.a. and over five years 2.87%.

The fund invests across different bonds using investment grade, high yield, government and emerging market. The team can move up and down the spectrum but can never hold more than 50% in one asset class. They also use currency hedging to help protect on the downside. In 2008, the fund was skewed towards government bonds and currency which helped to deliver positive returns.

Currently the fund is positioned with 18.1% in high yield, 12% in emerging markets, 27.9% in investment grade and 28.1% in government bonds. They do some long / short strategies. For example, they have shorted the German Bund; they have a short / long strategy on Korean currency vs other Asian Currency, and they have used hedging on sterling interest rates….read more

Fund Facts Morningstar

Notes

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