FF Global Hybrids Bond - A high-yielding solution, encapsulating the full hybrid
Hybrids are one of the fastest growing assets in Fixed Income. Broadly, there are two types of Hybrids, those issued by financial companies and those issued by non-financial corporates. Hybrids feature the standard characteristics of bonds by paying out regular income under normal circumstances. However, Hybrids rank lower in the capital structure than regular bonds and, during times of stress, demonstrate equity-like characteristics by having greater ability to absorb losses. Kris Atkinson, Portfolio Manager for the FF Global Hybrids Bond Fund (launching on 21st September) and Amie Stow, Product Manager, will provide an overview of these securities, present a case for the asset class and introduce our approach to managing a ‘hybrid’ strategy.
RecordedSep 23 201520 mins
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In this webcast, Alexandra gives an update on fund performance, current positioning and her outlook for the second half of 2016. In the wake of the UK referendum, she will touch on the recent volatility we have witnessed in equity markets and where she is currently finding opportunities.
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FF Global Income celebrated its 3 year anniversary in April. Managed by Peter Khan, this IG-rated global credit fund aims to deliver a high level of income whilst maintaining a positive total return over a full cycle.
Top-quartile performance over key time periods
Distribution yield of 4.4% – 5.1%
Total return of 7.12% (EUR Hedged) since launch
Low correlation to equities of 0.33
In this live webcast Peter will discuss his investment process, his strategy for the fund going forward and his current macro outlook
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this webcast Eugene Philalithis, co-manager of the FF Euro Balanced Fund, will give an update on how the balanced multi asset approach has provided strong long term performance over the years through investing in a mix of equities and fixed income. Eugene will outline the fund’s positioning and performance in the context of navigating the recent volatile market conditions and his positive stance in respect of European recovery.
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In this regular quarterly update on Asian markets, Matthew Sutherland, Head of Product Management (Asia), points out that the pull back in equity markets coupled with a more risk-on sentiment has resulted in flows starrting to come back into the asset class. Fundamentally Asian economies have some strengths, especially relative to non-Asian emerging markets. Matthew explores the China situation in some depth, first examining the challenges facing the country before elucidating some of its perhaps less often discussed strengths. He concludes by highlighting a couple of interesting fund ideas from the Asian equity range.
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Kevin O’Nolan and Nick Peters, Fidelity International
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Michael Sayers and Martin Dropkin, Fidelity International
Fidelity International’s annual Analyst Survey covers all regions and sectors. It aims to identify changes in corporate conditions at an early stage and identify new trends and investment opportunities. The survey is based on Fidelity analysts’ in-depth coverage of their sectors and enriched by insights gained in numerous conversations with decision-makers at companies.
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Ian Spreadbury and Tim Foster, Fidelity International
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