Cazenove's Peter Harvey talks to Cherry Reynard about how he is currently positioning his Strategic Bond fund.
The £ Strategic Bond sector should, in theory, provide fund managers with the tools to defend capital in all market environments. However, for many funds in the sector this has not been the case, particularly those that have bet against the ongoing fall in gilt yields with a larger weighting in high yield bonds, which have been unpopular as risk aversion has risen. However, the Cazenove Strategic Bond fund has defied convention, retaining its strong, long term track record in spite of a higher weighting to lower grade credits. Manager Peter Harvey aims to add value through skilled credit...
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