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ii Super 60 - Royal London Global Bond Opportunities

ii Super 60 investments:
Royal London Global Bond Opportunities

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Asset Group Asset Sub-Group Investment Category
Fixed Income Global bonds Adventurous

Selection rationale:
Royal London Global Bond Opportunities has only been going since 2015 but boasts one of the strongest performances in the sector. The fund offers a very high level of income as well as the opportunity for capital growth. The fund’s ongoing charges are competitive.

The fund is run by Eric Holt, a fixed income sector veteran, and Rachid Semaoune. Holt has extensive knowledge of investment grade and high yield corporate bonds, gained over a career spanning more than 30 years. He has overall responsibility for Royal London Asset Management’s credit research process. Semaoune joined Royal London’s fixed income team in 2015 and has 18 years’ experience in credit markets.

With this fund, the pair runs a very well diversified fund with a focus predominantly on credit markets internationally. US and European debt account for more than two thirds of the portfolio, with smaller allocations to bonds issued in Norway and Sweden. UK debt accounts for less than one quarter. In terms of credit quality, the fund has a preference for high yield and unrated bonds.

The managers believe that present pricing of corporate bonds is still attractive over the medium term, while the level of income generation is also appealing given the prospect of short-term interest rates staying lower for longer. They believe that credit valuations are underpinned by strong company balance sheets and a low default rate environment, which is pushing investors to broaden their search for yield.

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The information we provide in the Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. None of the opinions provided are a “personal recommendation”, therefore you should ensure that any investment decisions you make are suitable for your personal circumstances. Past performance of the underlying constituents is not a guarantee of future performance. Remember, the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.

Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.