New Capital
Global Value Credit Fund

Fixed income flexibility is vital in a rising environment

The New Capital Global Value Credit Fund looks to optimise global credit allocation: we believe investing in fixed income globally often does not offer sufficient compensation for the risk taken.

We aim to achieve a higher yield than the benchmark average by providing investors with a shorter duration product, which accesses the best value opportunities around the world – an attractive alternative to either going into high yield or increasing duration.

This is a hard currency-focused globally diversified fund, primarily investing in investment grade bonds. Compared with many of our benchmark-orientated peers, we are much more diversified than traditional global bond funds that are largely exposed to Europe and the US. The portfolio includes Japan and Australia for example, with up to 20% exposure to emerging markets and 20% to high yield.

Our top-down macro approach determines the broad risk parameters. We then take a bottom-up approach, seeking for the best value opportunities through our quantitative model to deliver that macro view.

We are always looking to be rewarded more than the market average for the credit quality and achieve a higher yield relative to the risk taken. We constantly aim to rotate to cheaper value opportunities in our asset allocation.

A lot of investors are looking for more complicated ways of generating extra returns in global fixed income markets – in currency or in less liquid securities, for example. The New Capital Global Value Credit Fund offers core low duration exposure to credit, so investors know what they are getting in terms of credit exposure, risk and duration management.

Video

RELATIVE VALUE INVESTING EXPLAINED

Let us introduce you to relative value investing and how it can exploit inefficiencies in fixed income markets.

»VISIT OUR DEDICATED FIXED INCOME MICROSITE

 

Morningstar rating is shown for the New Capital Global Value Credit Fund USD O Acc share class

98.68%

Cumulative performance is for the USD O Acc share class, since inception (15 Aug 2003)
 
  1 Year YTD
Fund
Benchmark
»QUARTERLY COMMENTARY
»QUARTERLY WEBINAR

PRICES AND LITERATURE

Class ISIN Price Currency Price Date Factsheet Datasheet KIID
USD O Acc IE0033116462 198.86 USD 11/20/2019
EUR O Acc IE0033116579 168.52 EUR 11/20/2019 -
GBP Ord Acc IE0033116686 203.10 GBP 11/20/2019 -
GBP Ord Inc IE00B3LM8Q72 108.71 GBP 11/20/2019 -
CHF O Acc IE00B3LZ4T18 125.57 CHF 11/20/2019 -
CAD O Acc IE00B617PT52 136.24 CAD 11/20/2019 -
EUR I Acc IE00BD610077 113.56 EUR 11/20/2019 -
USD I Acc IE00B73XVR89 149.32 USD 11/20/2019
EUR O Inc IE00BTJRM642 95.90 EUR 11/20/2019 -
USD O Inc IE00BTJRM758 102.01 USD 11/20/2019 -
CHF I Acc IE00BDGNW749 103.05 CHF 11/20/2019 -
CNH O Acc IE00B653FK09 1100.31 CNH 11/20/2019 -

DOWNLOAD FUND DOCUMENTS FOR DUE DILIGENCE

Reports & Accounts
Annual Report-ENG
Semi-Annual Report-ENG
Prospectus
Full Prospectus-ENG
How to Invest
Application Form
Shareholder Notice
Shareholder Notice-ENG
HMRC Year End Reporting
HMRC Reporting-ENG
Dealing Calendar
Dealing Calendar-ENG
Memorandum and Articles of Association
Memorandum and Articles of Association-ENG
Dividend Schedule
Dividend Schedule-ENG

DOWNLOAD HISTORICAL PRICES FOR DUE DILLIGENCE

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