This talented high grade bond manager is what Zenith Investment Partners and the investment community believe to be leaders in their field and have displayed investment excellence across both qualitative and quantitative criteria over the last 12 months. Recently winning the inaugural ‘Rising Star’ award at the Zenith Fund Awards, Jamieson Coote Bonds represents change in the industry and a boutique investment manager who has successfully built organisational and investment team strength. The high grade bond manager was also recognised for its robust investment philosophy and process and active approach to risk management.
Jamieson Coote Bonds has been running its domestic flagship high grade bond strategy since December 2014*. Co-founders Charlie Jamieson and Angus Coote formed the boutique in mid-2013 with the aim of producing superior risk-adjusted returns by giving investors access to a true defensive portfolio allocation to sovereign bonds. The domestic high grade bond strategy is an actively managed portfolio comprising Australian Government, semi-Government and supranational bonds (AAA or AA rated securities).
Earlier this year, the Jamieson Coote Bonds global high grade bond strategy was launched giving investors the opportunity to gain global fixed income diversification and to complement overweight domestic risk asset exposures. The strategy has seen greater demand from investors due to the risk-off environment created through the ongoing trade tensions and geopolitical flares, the prospect of low to negative interest rates remaining, and a weak Australian dollar. These themes in combination are providing negatively correlated returns for investors in the CC JCB Global Bond Fund – Unhedged Class and the CC JCB Global Bond Fund – Hedged Class. Respectively, as at 30 September 2019, these classes have returned 13.85% p.a. and 7.00% p.a. (after fees and costs), since inception on 25 February 2019.
In their quest to further enhance investor knowledge on the long term benefits of holding a disaggregated fixed income allocation to high grade bonds within portfolios, the Melbourne based boutique now manages over A$4 billion on behalf of some of Australia’s largest superannuation funds, multi-family offices and retail investors. It opened an office in Singapore earlier this year where deputy Chief Investment Officer Kate Samranvedhya and Assistant Portfolio Manager Ben Wang, collaborate with the domestic team in the day to day management of the global bond portfolio.
Like all global bond managers, Jamieson Coote Bonds is closely watching the event landscape, in a year where everything seems to be moving faster. As is often the case in the late cycle environment we find ourselves in today, any geopolitical or global policy changes can trigger market reactions, and the Jamieson Coote Bonds investment team is prepared to manage these risks on behalf of investors.
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