Specialist Active Fixed Income Investing

Fixed income investing philosophy
Our active fixed income products are underpinned by the philosophy elucidated hereunder. This philosophy translates into our portfolios through a proprietary fundamental research investment process. We believe that a research based active approach to fixed income portfolio management represents the best way to generate consistent outperformance. This philosophy is predicated on two central tenets, namely:

• That interest rates are the biggest determinant of bond portfolio performance and that there is value to be extracted from researching the interest rate cycle.
• That the bond market is inefficient, and that this represents opportunity to outperform.
  
  

Our goal is to consistently outperform the bond market with active interest rate management and with a bond selection process that uncovers unique opportunities. This investment process combines constrained active duration and yield-curve management with bottom-up issue selection focusing on undervalued sectors of the fixed income market.

Fixed income investment process synopsis

Fixed income product (s) Argon core bond.

This is benchmarked against the BESA All Bond Index. A product sheet detailing the characteristics of this product is available to prospective clients for their study.

Argon moneyplus (enhanced cash)

This is benchmarked against the SteFI - Short term fixed interest). A product sheet detailing the characteristics of this product is available to prospective clients for their study.