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Fund manager: David Knee

Products available: ISA, OEIC & Savings Plan

Fund objective

The Fund aims to maximise total return through investment in a portfolio of high grade fixed interest (including floating rate) securities denominated in non-sterling currencies. The portfolio will primarily consist of sovereign debt securities denominated in the currencies of the major industrialised nations, with the exception of the UK. While the investment manager has power to hedge the currency risk for UK investors, the Fund will normally be managed so as to give exposure to non-sterling currencies. More than 35% of the value of the property of the Fund may be invested in Government and other public securities issued or guaranteed by any of:

• the Government of the United Kingdom or of a member State other than the United Kingdom;
• the Government of Australia, Canada, Japan, New Zealand, Switzerland, USA;
• the African Development Bank, Asian Development Bank, Eurofima, European Economic Community, European Bank for Reconstruction and Development, European Coal and Steel Community, European Investment Bank, International Bank for Reconstruction and Development, International Financial Corporation. 

 

Policy for achieving objective

The Fund invests in a portfolio of high quality government bonds which can be denominated in any overseas currency and investing in all overseas bond markets. While the fund manager has power to hedge the currency risk for UK investors, the Fund is normally managed to give exposure to non-sterling currencies. The Fund has no sterling exposure.

 

About the fund manager

David joined the fixed income team in 1997 with a focus on the management of UK and Global segregated institutional bond portfolios.

Before joining the company, David worked for Hill Samuel Asset Management for three years as a fixed income fund manager, managing both life and pension funds for a variety of clients. These included a central bank, insurance companies and institutional and retail clients. Before this, he worked for three years as a fixed income strategist for Daiwa Europe. 

David graduated from the London School of Economics with a BSc in Economics and from Birkbeck College with an MSc in Economics. He is an Associate of the Institute of Investment Management and Research.

In addition to the fund data that can be found by accessing the menu to the left of this page you may also wish to read the fund key features document which contains further fund information.