partnering with wholesale clients.

Stable.

We focus on where we can add the most value and being your trusted, long-term business partner. 

Bespoke.

Sustainable.

negative yields.

As a lower-for-longer environment persists for global bond yields, investors are looking for high conviction expertise and less correlated opportunities. 

We offer a range of strategies, from our highly rewarded active expertise in Swiss Franc bonds, crossover credit as well as alternative strategies, such as credit convexity. We think emerging economies present an opportunity to invest in a structural growth story and seek to identify the most sustainable investment opportunities in Asian value bond, Asian equities and emerging market equities.

global megatrends.

The sustainability revolution is changing consumers, companies, regulators, asset managers and ultimately, how investors behave.

By cutting through the short-lived noise and looking at long-term trends, investors could capitalise on potentially rich and diverse sources of more sustainable outperformance. Our multi-sector thematic equities span population ageing (Golden Age) and tomorrow’s consumer trends (World brands).

rising volatility.

As volatility returns to the markets, whether driven by trade tensions or potential rising rates, investors face uncertain times ahead.

Convertible bonds have asymmetrical features of both stocks and bonds, which can provide useful diversification for traditional portfolios. Our flagship convertible bond strategy, launched in 1987, seeks out the best opportunities worldwide, with a focus on balanced convertibles with good quality credit. Our shorter duration cash solutions can also provide a place to park structural cash while maintaining liquidity.

ESG and carbon risks.

Managing extra-financial risks and targeting a lower carbon footprint are more than a checkbox exercise: we believe they go hand-in-hand with delivering sustainable financial performance.

Our ESG capabilities span the full spectrum: embedded sustainability in all our equities strategies, in convertibles and corporate and government bond funds; a multi-factor responsible equity range – as well as dedicated impact solutions such as the Climate Bond Fund and private equity impact.