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A rising star fund manager in high grade bonds

October 16, 2019

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.

Co-founders Angus Coote and Charlie Jamieson
Angus Coote and Charlie Jamieson – Jamieson Coote Bonds winner 2019 Zenith Investment Partners ‘Rising star’ Fund Awards

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.

*Inception date of the Jamieson Coote Bonds wholesale master strategy.
Channel Investment Management Limited ACN 163 234 240 AFSL 439007 (‘Channel’) is the Responsible Entity and issuer of units in the CC JCB Global Bond Fund ARSN 631 235 553 (‘the Fund’). The Fund invests in the CC JCB Active International Bonds Segregated Portfolio (‘Underlying Fund’).  The Underlying Fund investment manager is JamiesonCooteBonds Pty Ltd ACN 165 890 282 AFSL 459018 (‘JCB’). Past performance is not a reliable indicator of future performance. This information should not be considered advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling units in the Fund and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. For further information and before investing, please read the Product Disclosure Statement available on request.
The Zenith Fund Awards were issued 11 October 2019 by Zenith Investment Partners (ABN 27 130 132 672, AFSL 226872) and are determined using proprietary methodologies. The Fund Awards are solely statements of opinion and do not represent recommendations to purchase, hold or sell any securities or make any other investment decisions. To the extent that the Fund Awards constitutes advice, it is General Advice for Wholesale clients only without taking into consideration the objectives, financial situation or needs of any specific person. Investors should seek their own independent financial advice before making any investment decision and should consider the appropriateness of any advice. Investors should obtain a copy of and consider any relevant PDS or offer document before making any investment decisions. Past performance is not an indication of future performance. Fund Awards are current for 12 months from the date awarded and are subject to change at any time. Fund Awards for previous years are referenced for historical purposes only.

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