John is the South African and international fixed income strategist and portfolio manager on a number of institutional and retail funds. He is also head of fixed income in the UK responsible for the global and South African bond processes. John joined Guinness Flight Hambro in 1993 as a member of the bond team and developed its North American institutional business. In 1995 he took responsibility for the company's investments in emerging bond and currency markets, including the South African market. Following the merger between Investec Asset Management and Guinness Flight in 1998, John relocated to Cape Town. Prior to joining Investec Asset Management, John worked in London and Tokyo as a specialist global bond and currency portfolio manager for Mitsui Trust Asset Management. He holds a Master of Arts (Honours) degree in Chemistry from Pembroke College, Oxford University. He received the Chartered Financial Analyst charter in 1995.
FUND OBJECTIVES AND FOCUS
The Investec Global Multi-Asset Income Feeder Fund aims to grow income and to preserve capital over the medium term. The fund's objective is to outperform the Citigroup 3-7 Year World Government Bond Index.
This rand-denominated fund invests in international fixed-income assets and cash. The portfolio manager invests predominantly in Investec's comprehensive offshore range of money market, cash plus, currency and bond funds. The allocation of exposure between offshore money market and fixed-interest funds is actively managed to reflect Investec's global currency and interest rate outlook. During favourable bond market conditions, the fund is likely to be aggressively positioned for capital growth. During unfavourable bond market conditions, the fund is likely to be defensively invested in money and cash plus funds in order to preserve capital.
o Access to Investec's comprehensive, quality range of international money market, cash plus, currency and bond funds
o The exposure to the different funds is actively managed, reflecting Investec's global currency and interest rate outlook
o This specialist fixed-interest fund may have the characteristics of a bond fund, a pure income fund or anything in between, depending on the interest rate cycle
o Can be used as part of a larger portfolio, offering the prospect of attractive outperformance of global bond indices