Guinness launches the Global Dynamic Bond Fund

Craig Veysey, CFA, joined Guinness Global Investors in February to build their fixed income capability.

Previously, Craig was the lead manager of the Strategic Bond strategy at Man GLG and earlier at Sanlam Investments, where he launched a Strategic Bond Fund. He has held global bond portfolio management roles at Scottish Widows, Mellon and HSBC.

The Guinness Global Dynamic Bond Fund is designed to generate income and capital growth with the flexibility to allocate across duration, credit and currency opportunities.

A dynamic bond strategy is most valuable when the fixed income opportunity set is uneven. Government bonds, investment grade credit, selective higher-yielding issuers and currency markets all respond differently as inflation, growth and policy conditions evolve.

By following a total return approach that is unconstrained by benchmark weights, the portfolio focuses on attractive risk-reward opportunities across global bonds. It seeks to deliver returns through different market environments by combining income, value-driven credit selection and active macro flexibility.

• Income – An important part of the strategy’s return profile. The portfolio is designed to generate attractive monthly income, with accrued income paid out on a gross basis and fees charged to capital.

• Value-driven credit selection – Anchored by a strategy that identifies undervalued opportunities across investment grade and higher-quality crossover bonds.

• Dynamic macro flexibility – The strategy includes a dynamic macro overlay designed to manage duration, credit beta and FX exposure as market conditions change.

The investment process is structured, repeatable and designed to adapt across market environments. It combines bottom-up credit selection with active macro management through a clear sequence: filter the universe, rank valuation, test the credit, overlay the macro, and construct the portfolio with discipline.

Source: Guinness Global Investors