Waverton Sterling Bond Fund
The Fund aims to deliver capital growth and income through investment in UK and international government and corporate bonds across the fixed income spectrum
Investing primarily in Sterling bonds although it can invest up to 20% in non-Sterling currencies, The Fund aims to outperform peers and the FTSE Gilt index over the investment cycle.
The Sterling Bond Fund uses its flexibility in the duration decision, the choice of currency exposures and the level of credit risk. The fund can invest below investment grade but the managers have indicated that this is unlikely to represent more than 20% of the fund. The managers are able to go short duration up to 3 years in order to protect capital and generate real returns for shareholders. The managers use a combination of quantitative analysis with fundamental judgement calls within a framework of constant review.