Investec Asset Management has one robust and disciplined fixed income philosophy and fundamental investment process which is applied consistently across all our fixed income strategies. These will therefore differ through their specific investment objectives and risk parameters.

Investec Dynamic Bond

  • The Investec Dynamic Bond strategy targets returns in excess of the ALBI bond index over rolling three-year periods. 
  • Asset allocation is dedicated exclusively to fixed income assets. 
  • Duration positions within three years on either side of the duration of the index will be taken. This provides significant flexibility to add value within the Investec Dynamic Bond strategy.

Investec Relative Value

  • The Investec Relative Value strategy targets returns in excess of the ALBI bond index over rolling three-year periods. 
  • The strategy will predominantly invest, using a relative-value investment process, in government bonds, triple A rated bonds, listed and OTC derivatives.
  • Duration positions within 1 year on either side of the duration of the index will be taken.

 

Investec Corporate Bond

  • The Investec Corporate Bond strategy targets returns in excess of the ALBI bond index over rolling three-year periods.
  • The strategy will predominantly invest in interest bearing securities issued by companies, parastatals and banks.
  • A unique feature is the duration neutral stance that the portfolio will hold. This has the benefit of allowing the fund to be effectively used as an instrument in a fixed income portfolio without having to adjust for varying levels of duration.

Investec Triple Alpha

  • The Investec Triple Alpha strategy targets returns in excess of the ALBI bond index over rolling three-year periods.
  • The strategy is a combination of various weightings in three fully-regulated specialist pooled portfolios: Investec Dynamic Bond, Relative Value and Corporate Bond, to offer clients the best risk adjusted returns.
  • The strategy blends diversified sources of return to match the clients performance objectives and appetite for risk. Investec Triple Alpha is delivered as a client specific solution using scalable building blocks based on independent strategies.


Investec Absolute Income

  • The strategy targets returns modestly in excess of inflation (currently Headline CPI+4% gross of fees under current market conditions) measured over a two year period, while actively managing downside risk. The strategy is unlikely to show negative returns over a 6 month period.
  • The strategy aims to achieve its performance by identifying investment opportunities across the interest rate spectrum including government, corporate and inflation-linked bonds as well as listed property and cash.
  • Significant portions of the portfolio are protected from negative returns using financial instruments such as bond index futures and options (purchased only). The aim is to preserve capital in the event of a downward move in the market.