The Fund offers to investors an exposure to global fixed income markets through an active, systematic, quantitative investment process. Institutional-grade risk management drives the portfolio construction process, with a target of 6-8% annual volatility and targeted Sharpe ratio of 1.5 over a full investment cycle.

The Fund is managed by the highly regarded BlackRock Fixed Income, Index and Model-Based Portfolio team. In achieving its objective, the Fund invests in a variety of markets that broadly fit into Global Government Bonds and Currencies, Mortgages, Corporate Bonds and Sector Allocations. Strategies employed include relative value, directional long/short and ‘opportunistic’ plays.

Fund facts

• Institutional grade investment process
• Risk management at every step of the investment process

Zenith’s View
Zenith has a high opinion of the Fund’s combination of size, experience and risk management. We believe the team is well resourced and highly experienced; with the portfolio managers well incentivized through performance incentives.

Zenith views the Fund as an alternatives offering, with higher risk and return than traditional fixed income portfolios. The risk/return profile will typically show consistent gains within a tightly controlled risk framework. This offering is most suited to those seeking an enhanced return stream sourced from fixed income with a diversifying effect on the rest of their portfolios.

Zenith has assigned a Highly Recommended rating for the Fund.

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