Introduction to Global Bonds
Global bond funds will invest in government and corporate bonds from around the world. In this, managers will often be expressing their views on the relative performance of different economies – will the UK perform better than the US, for example?Global bond funds may focus exclusively on emerging market bond funds, high yield or be 'absolute return' in nature, focusing on delivering a return in all market conditions.
Global bond funds can take positions on the likely movements of interest rates, currencies and credit and as such, are among the most flexible bond funds available. In theory, they can perform in all market conditions, but the difference between the top and bottom-performing funds is large and manager skill is extremely important. If a manager gets their macro-economic positioning right, they are likely to perform well.
Global bond funds can act as a diversifier against a UK-focused bond fund. They may also offer some protection in a climate of rising interest rates, when other bond portfolios may perform badly. They can also be an important source of yield in a portfolio.
The tax treatment of investments is subject to tax law and HMRC practice which are subject to change. The value of investments may be affected by exchange rate movements where the underlying investments are not denominated in Pounds Sterling.
OEICs and Unit Trusts
OEICs and Unit Trusts
|Name||1 Year (%)||3 Years (%)||5 Years (%)||NAV||Discount||NDY||Sector|
|Downing Four VCT PLC DP67 0.1P||-31.34||-30.22||-7.48||68.70||-77.44||-||VCT Generalist||Buy|
|Downing Four VCT PLC DP2011 General A 0.1P||99.97||300.07||300.07||34.40||-56.38||-||VCT Generalist||Buy|
|Downing Four VCT PLC DP2011 General 0.1P||64.87||29.34||10.86||15.00||3.33||-||VCT Generalist||Buy|
|Downing Four VCT PLC DP2011 Structured A 0.1P||133.29||366.73||366.73||34.50||-56.51||-||VCT Generalist||Buy|
|Downing Four VCT PLC DP2011 Structured 0.1P||47.39||69.41||56.54||5.00||111.00||-||VCT Generalist||Buy|
|Downing Four VCT PLC D||-10.60||-8.25||-17.86||78.50||-61.78||8.33||VCT Generalist||Buy|
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