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Global Managed Income Strategy

A defensive total return strategy with sustainable income at its core

Strategy overview

Investment Approach
Built from the bottom-up, seeking securities with an attractive yield and resilient cash flows

Investment Opportunity
Meet the need for a defensive alternative and fulfil the traditional role of fixed income

Investment Universe
Liquid global equity, fixed income and currency markets

John Stopford
Portfolio Manager
Jason Borbora-Sheen
Portfolio Manager

The role the strategy can play in portfolios

Core, defensive total return

Aiming for attractive income with capital growth over the long term

Bond replacement

Designed to replace conventional fixed income strategies as a source of income

Income anchor

Seeks to provide attractive resilient yield

Diversification

Focus on asset class behaviour rather than labels helps diversify returns

Investment Philosophy

01

Performance is driven by fundamentals, valuation and market price behaviour

02

Asset class labels can be misleading. We categorise investments as Growth, Defensive or Uncorrelated according to how they behave rather than what they are called

03

A bottom-up approach delivers tailored outcomes

Key facts

  • Asset Subclass

    Multi-Asset Income

  • Currency

    USD

  • Inception date

    01/06/2013

  • Team

    Multi-Asset team

  • Geographical Focus

    Global

  • ESG Classification

    Enhanced Integration

  • Comparative Benchmark

    4% p.a. (USD)

Portfolio & Holdings

Date as of 31/10/2024
Strategy
AAA
7.1
AA
61.7
A
2.8
BBB
17.9
BB
9.1
B
1.2
CCC
0.2
*Bond ratings are Ninety One approximations.
Based on a related portfolio within the strategy with substantially similar objectives as those of the services being offered. The portfolio may change significantly over a short space of time. This is not a buy, sell or hold recommendation for any particular security. For further information on Indices and Specific Portfolio Names, please reference the sections in https://ninetyone.com/-/media/documents/miscellaneous/91-further-information-en.pdf.

Why Ninety One for Global Managed Income Strategy

01

Specialists across macro, equities, fixed income, currency and quantitative analysis with a strong 30 year track record in global multi-asset investing

02

Portfolio is much more staight forward than many other multi-asset strategies as it is built primarily from the bottom up

03

We invest in securities that are aligned with the outcome rather than focusing too heavily on top-down asset allocation

04

Significant emphasis on managing downside risk with the aim to deliver as consistent a defensive outcome as possible whatever the environment

Strategy Literature

Contact our client service teams.

Get in touch

Risks

Currency Exchange

Changes in the relative values of different currencies may adversely affect the value of investments and any related income.

Default

There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss.

Derivatives

The use of derivatives may increase overall risk by magnifying the effect of both gains and losses leading to large changes in value and potentially large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss.

Emerging and Frontier Market (inc. China)

These markets carry a higher risk of financial loss than more developed markets as they may have less developed legal, political, economic or other systems.

Equity Investment

The value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. insolvency), the owners of their equity rank last in terms of any financial payment from that company.

Interest Rate

The value of fixed income investments (e.g. bonds) tends to decrease when interest rates rise.

The content of this website is made available for informational purposes only and should not be construed as an offer, marketing, solicitation or investment advice with respect to any investment products or services. The website has not been reviewed or approved by any regulatory authority and may contain information with respect to investments products that may not be registered in some jurisdictions.

Although we believe any information obtained from external sources to be reliable, we have not independently verified it, and we cannot guarantee its accuracy or completeness (ESG-related data is still at an early stage with considerable variation in estimates and disclosure across companies. Double counting is inherent in all aggregate carbon data).

Any decision to invest in the Strategy described should be made after reviewing the offering document and conducting such investigation as an investor deems necessary and consulting its own legal, accounting and tax advisors in order to make an independent determination of suitability and consequences of such an investment. This material does not purport to be a complete summary of all the risks associated with this Strategy. A description of risks associated with the Strategy can be found in the relevant offering or other disclosure documents where applicable. Copies of such documents are available upon request.

Additional information on our investment strategies not found here (ninetyone.com/-/media/documents/miscellaneous/91-further-information-en.pdf) may be provided on request.

For more information on our Ninety One ESG Classification, please click here

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