australiaen
Fixed Income Buy And Maintain

Fixed Income Buy And Maintain

A customized fixed-income strategy focused on the client’s long-term objective

Key points:

  • A portfolio that is custom-made to meet the client’s requirements
  • Long-term approach, with low costs and few transactions
  • Focus on mitigating risk throughout the market cycle

Philosophy

We are convinced that all investment decisions should be based on research. For our buy-and-maintain clients, we apply our own fundamental and quantitative research, with a long-term vision and a focus on risk. We believe in prudent investing, with a central role for risk management and the avoidance of unnecessary risks and transaction costs.

Due to our background, we have extensive experience with Dutch pension fund and insurers. We understand the many challenges they face, such as regulations that can have a significant impact on their portfolio requirements. Our buy-and-maintain portfolios are specially designed to reflect the specific investment convictions and objectives of our clients. This investment style is thus highly suitable for institutional investors’ matching portfolios.

Sustainable investing is an essential aspect of successful portfolio management for buy-and-maintain credit portfolios. Learn how sustainability matters.
Sustainability matters

Process

A buy-and-maintain strategy inherently requires a customized solution and often leads to a long-term partnership. The approach focuses on downside risk throughout the market cycle. Costs are low, because the number of transactions is limited.

We devote much attention to the construction phase (‘buy’), during which we design the portfolio and the investment process in consultation with the client. A buy-and-maintain strategy is strategic, but not static: we continuously monitor the credit quality and suitability of the portfolio. Our fundamental and quantitative research focuses on the long term and on downside risk. Providing a high-quality service (‘maintain’) is also an essential element of the strategy.

The buy-and-maintain investment style is ideally suited to creating a portfolio that can deliver precisely defined investment outcomes. Learn how Buy and Maintain works.
Bespoke solutions for cash flow driven investors

Team

The Global Macro team has been managing buy-and-maintain portfolios since 1998. The team, which has extensive experience in the fundamental and quantitative management of both bonds and derivatives, is based in Rotterdam and has in-depth knowledge of the pension and insurance markets. The portfolio managers work closely with specialists in trading, regulation, risk management and corporate bonds.

Related strategies

Logo

Disclaimer

BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.

What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity:

  • who holds an Australian Financial Services License
  • who has or controls at least $10 million (and may include funds held by an associate or under a trust that the person manages)
  • that is a body regulated by APRA other than a trustee of:
    (i) a superannuation fund;
    (ii) an approved deposit fund;
    (iii) a pooled superannuation trust; or
    (iv) a public sector superannuation scheme.
    within the meaning of the Superannuation Industry (Supervision) Act 1993
  • that is a body registered under the Financial Corporations Act 1974.
  • that is a trustee of:
    (i) a superannuation fund; or
    (ii) an approved deposit fund; or
    (iii) a pooled superannuation trust; or
    (iv) a public sector superannuation scheme
    within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least $10 million.
  • that is a listed entity or a related body corporate of a listed entity
  • that is an exempt public authority
  • that is a body corporate, or an unincorporated body, that:
    (i) carries on a business of investment in financial products, interests in land or other investments; and
    (ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes.
  • that is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs.
I Disagree