A proven process: John Pattullo and Jenna Barnard have worked together for more than 15 years2. They are supported by fellow fund manager, Nicholas Ware, an expert in loans, high yield and private equity, as well as a wider, well-resourced team.
Portfolio diversification: The portfolio is a mix of sub-investment grade (high yield bonds and senior secured loans) and investment grade bonds. The asset allocation between the two is carefully managed, while further diversity is achieved through exposure to issuers with different credit ratings and from different sectors.
A broader toolkit: Principally investing in traditional fixed income securities, the team also makes use of derivatives, such as credit default swaps and interest rate futures, aiming to enhance and smooth returns or to add or reduce risk when deemed appropriate.2. As at 30 June 2017.