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Tailored for investment professionals this site provides information on our products, strategies and services. Please remember capital is at risk and past performance is not a guide to the future. We use cookies to ensure that we give you the best experience on our website. This includes cookies from third parties. Such third party cookies may track your use of our website. By continuing you are confirming that you are happy to receive all cookies on our website. Please refer to our Cookie Policy for further information, including steps to take to disable cookies.

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Investec Global Total Return Credit Fund

A dynamically managed, best ideas credit portfolio

The fund aims to provide attractive total returns by investing in a portfolio of credit opportunities across a broad diversified global universe. It could be ideal as a complement to an existing strategic bond fund holding or as an alternative source of income.

"A potentially attractive solution in a rising rate environment".

Jeff Boswell

Jeff Boswell

Portfolio Manager

Garland Hansmann

Garland Hansmann

Portfolio Manager

What we seek to offer


Attractive total return*


Target: In excess of 3 month GBP LIBOR + 4%p.a. (gross). 
Yield^:  4.2% (2.4%) – F Inc-2**

Low volatility and interest rate sensitivity*

Expected volatility: 5-7% and current duration of 2.5^

A solution to gain exposure to the complex credit markets

Providing expertise within a diverse opportunity set of over 15,000 issues



*Performance target, which is through the credit cycle, and the expected volatility may not necessarily be achieved, losses may be made.

The investment proposition

Investing in credit is simple in theory, but complex in practice. Regionally and benchmark agnostic,
our globally integrated team operates on a seamless, integrated and cohesive basis allowing for unbiased decision-making across a broad, diversified universe:

 

  • Invests on an unconstrained basis
  • Bottom up, best ideas driven portfolio1
  • Active allocation across asset classes
  • Low interest rate sensitivity
  • Removes the investor operational burden
  • Income generating



A truly dynamic and global approach applying a disciplined investment process

Fund facts

Sector: GBP Strategic Bond
Launch Date: 11 May 2018
Index: 3 month GBP, LIBOR +4%

Quick links



General risks

The value of investments, and any income generated from them, can fall as well as rise. **Where charges are taken from capital, this may constrain future growth. 

Past performance is not a reliable indicator of future results. If any currency differs from the investor's home currency, returns may increase or decrease as a result of currency fluctuations. 

Investment objectives and performance targets may not necessarily be achieved, losses may be made.

Specific risks

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. Derivative counterparty: A counterparty to a derivative transaction may fail to meet its obligations thereby leading to financial loss. Derivatives: The use of derivatives may increase overall risk by magnifying the effect of both gains and losses. This may lead to large changes in value and potentially large financial loss. Interest rate: The value of fixed income investments (e.g. bonds) tends to decrease when interest rates and/or inflation rises. Liquidity: There may be insufficient buyers or sellers of particular investments giving rise to delays in trading and being able to make settlements, and/or large fluctuations in value. This may lead to larger financial losses than might be anticipated.

Important information

All information is as at 31.03.18 unless otherwise stated.

^Based on Luxembourg domiciled sister fund.
1Best Ideas’ represents our highest conviction ideas following an analysis of fundamentals, valuation and market price behaviour.
**The yield reflects the amount that may be distributed over the next 12 months as a percentage of the Fund’s net asset value per share, as at the date shown, based on a snapshot of the portfolio on that day. Where there is a yield number in brackets, it is calculated in the same way, however, as the charges of the share class are deducted from capital rather than income, it shows the level of yield had these charges been deducted from income. This has the effect of increasing the income payable whilst reducing capital to an equivalent extent. Yields do not include any preliminary charge and investors may be subject to tax on their distributions.