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Old Mutual Global Strategic Bond - removed from Wealth 150

Richard Troue | Tue 21 April 2015

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

Stewart Cowley, manager of the Old Mutual Global Strategic Bond Fund, will step down and leave Old Mutual at the end of June 2015. The fund has therefore been removed from the Wealth 150 list of our favourite funds across the major sectors.

Following his departure from Old Mutual Christine Johnson and John Peta will assume responsibility for the fund. Christine Johnson has managed the Old Mutual Corporate Bond Fund since April 2011 and John Peta has 28 years' experience managing global bond and emerging market debt funds. He joined Old Mutual in March 2015 having previously worked at Threadneedle Asset Management where he was a fund manager and Head of Emerging Market Debt.

Under the new managers the fund will have broadly the same objective - to grow capital over the long term and provide an element of shelter during tougher times. It will remain flexible, with the managers having the ability to invest across government and corporate bond markets, foreign exchange markets, and manage exposure to interest rates. However, Christine Johnson and John Peta are likely to take a more diversified approach than Stewart Cowley, though the portfolio could still be concentrated overall. They are likely to focus more on emerging market debt and currencies, while retaining the ability to use derivatives, which adds risk to the portfolio.

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We will be speaking with Christine Johnson and John Peta in due course for a full update on their process and how it will be applied to the fund from the end of June 2015. In the meantime we have removed the fund from the Wealth 150, but would stress this should not be taken as a signal to make any changes to a portfolio, providing it continues to meet its objectives.

Find out more about this fund including how to invest

Please read the key features/key investor information document in addition to the information above.

The value of investments can go down as well as up, this means you could get back less than you invested. Therefore all investments should be regarded with a long term view. No news or research item is a personal recommendation to deal. If you are unsure about the suitability of an investment please contact us for advice.
Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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