Glendevon King Asset Management is launching the Glendevon King Global Bond Fund on 5th February 2010.
The fund will be managed by Nicola Marinelli and Peter Baum who will invest across both corporate and government bond markets. Within the corporate bond market, they will have a particular focus on the financial sector, as they have particular expertise in this area. Financial bonds include those issued by banks, insurers and other financial services companies.
This is a global fund aiming to offer investors an income as well as capital growth over the longer term. At launch, the fund is expected to yield in the region of 5%, but please note this is variable and not guaranteed. The fund can also hold up to 20% in cash if the managers are extremely cautious.
Nicola Marinelli and Peter Baum are traditionally conservative investors, who place emphasis on higher-quality 'investment grade' bonds and government bonds. Liquidity is also an important consideration, as they like to ensure they can buy and sell bonds with ease. The fund is therefore unlikely to have much exposure to higher-risk, high-yield bonds.
Glendevon King Asset Management specialises in managing fixed income investments for families, trusts and high net worth individuals. This is their first foray into the wider UK market so we would like to see how they fare with this fund. We are therefore not adding it to the Wealth 150 list of our favourite funds in each sector at this time.
Key features of the Glendevon King Global Bond Fund
Glendevon King Global Bond Fund Prospectus
The fund will be managed by Nicola Marinelli and Peter Baum who will invest across both corporate and government bond markets. Within the corporate bond market, they will have a particular focus on the financial sector, as they have particular expertise in this area. Financial bonds include those issued by banks, insurers and other financial services companies.
This is a global fund aiming to offer investors an income as well as capital growth over the longer term. At launch, the fund is expected to yield in the region of 5%, but please note this is variable and not guaranteed. The fund can also hold up to 20% in cash if the managers are extremely cautious.
Nicola Marinelli and Peter Baum are traditionally conservative investors, who place emphasis on higher-quality 'investment grade' bonds and government bonds. Liquidity is also an important consideration, as they like to ensure they can buy and sell bonds with ease. The fund is therefore unlikely to have much exposure to higher-risk, high-yield bonds.
Glendevon King Asset Management specialises in managing fixed income investments for families, trusts and high net worth individuals. This is their first foray into the wider UK market so we would like to see how they fare with this fund. We are therefore not adding it to the Wealth 150 list of our favourite funds in each sector at this time.
Key features of the Glendevon King Global Bond Fund
Glendevon King Global Bond Fund Prospectus
