Guinness Global Dynamic Bond Fund

Broad global bond universe

Issuers and bonds are ranked by valuation dislocation, with research focused on the most compelling opportunities. 

Bottom-up analysis

Conviction builds when valuation is supported by fundamentals and by a clear catalyst that can help close the gap to fair value. 

Dynamic macro overlay

The strategy includes a dynamic macro overlay, developed over many years and supported by quantitative inputs, designed to manage duration, curve exposure, credit beta and FX positioning as conditions evolve. 

Disciplined construction framework

Research and macro processes are translated into portfolio positions through a construction framework that ensures the portfolio remains aligned with the strategy’s objectives.

Balancing conviction, flexibility and liquidity

Position sizes are determined by valuation, conviction, liquidity and diversification rather than by index weights, allowing capital to be focused on the most attractive opportunities while maintaining a disciplined overall risk profile.

Measured, transparent risk

Duration is actively managed, FX exposure is controlled within a disciplined limit and derivatives are used to adjust interest-rate exposure, hedge credit beta or improve portfolio balance. 

Prioritising downside discipline

The strategy prioritises quality, liquidity and downside discipline over maximum carry, which can make it more robust through stressed environments.

The Guinness Global Dynamic Bond Fund could be suitable for investors seeking income and capital growth through attractive risk-reward opportunities across the global bond universe.