LF Canlife Global Macro Bond Fund

LF Canlife Global Macro Bond Fund 

• The Fund has the discretion to invest without the need to adhere to a particular benchmark

• The Fund is globally diversified with a focus on advanced economies. Its holdings are spread across high quality government and investment grade corporate bonds, as well as currencies, countries, maturities and sectors

For further details on the objective and investment policy, visit the Literature section to view fund KIIDS and Prospectus.

How the Fund is managed

• The managers consider global trends in macro and monetary factors, such as interest rates and inflation, and analyse the domestic influences on the global bond markets
• A detailed macro review is undertaken quarterly, resulting in economic and interest rate forecasts in key markets
• A weekly review involving the entire fixed income team is undertaken to assess positioning and market developments, including commodity prices, inflation expectations, currencies, equity markets, sovereign CDSs, liquidity, bond yields, economic data releases, new issues coming to the government and corporate bond markets
• The managers use the exposure of a typical global bond index as a starting point and then seek to add value by implementing views on interest rates, currencies and credit spreads. This is achieved via; yield curve management, government versus corporate credit, sector allocation, security selection, taking a view on currencies - FX exposures are generally left unhedged
• Top-down analysis - is used for setting interest rate and macroeconomic forecasts, which feeds into the Fund’s duration and currency exposures
• We believe maintaining exposure to the most attractive currencies at any given time can substantially add to total return
• Bottom-up selection – the managers draw on our in-house credit research capabilities, which support their fundamental views on individual fixed income securities, as well as duration positioning and macroeconomic trends