HL Multi-Manager Strategic Bond Trust Class A - Income (GBP)
Our view on this Fund
This is our solution for exposure to bonds. It combines our favourite bond fund managers in a single fund and is designed to be a core investment.
David Smith and Lee Gardhouse, the fund's managers, use a flexible approach, targeting a combination of capital growth and attractive monthly income over the long term, but adopting a more defensive stance when they are cautious on the prospects for bond markets.
The fund currently combines investment grade bond funds, which invest in higher quality bonds with lower risk of default but commensurately lower incomes; higher risk high-yield bond funds; strategic bonds funds, where managers have greater flexibility in how they manage their portfolios; and more defensive 'total return' funds, which the managers hope will make money or at least offer some shelter of capital in a tougher environment for bonds.