Marlborough Global Bond Fund

Marlborough Global Bond invests in a highly diversified portfolio of around 250 bonds issued by companies and governments around the world, with the aim of delivering a combination of income and capital growth.

Fund managers Danny Fox and Niall McDermott construct a core portfolio of corporate bonds and then use an overlay of liquid government bonds to achieve the desired duration and yield curve positions for each of the major currency groupings. They will make tactical adjustments to the portfolio when they identify attractive value opportunities around the globe.

The maximum allocation to corporate bonds is 90% of the portfolio, with the remainder held in cash and/or investment-grade government bonds. No more than 25% of the fund will be invested in bonds rated below investment grade.