Ninety One Global Income Opportunities fund invests conservatively around the world in a diverse range of equities and bonds. It can also invest a little in other assets and, overall, aims to achieve returns that are equal to, or more than, the rate of inflation +4% per annum (before fees are taken) over rolling 5-year periods. It also targets an income of 4% for investors.
What’s covered in this episode:
- What’s happening in the equity and bond markets
- Dollar v Sterling
- Why the fund has halved its net equity exposure in the last 12 months
- Why the fund’s duration has increased
- How hedging currency exposure creates a differentiated performance profile
- How reliability and consistency are key to stock picks
- Why Daimler makes a good case for portfolio inclusion
- A compelling outlook for income vs growth
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