Products & Services

Global Fund – Short Term Bond Fund

The company established a publicly offered Global Fund – Short Term Bond Fund in 2020.

The Sub-Fund seeks to achieve a return in excess of U.S. money markets by investing primarily in USD-denominated short-term debt securities.

The Sub-Fund aims to achieve its investment objective by investing at least 70% of its net asset value in USD-denominated short-term fixed income securities including U.S. Treasury securities (including bills), bonds, notes, money market instruments, fixed or floating rate securities issued by governments (including local governments), quasi-government, government agencies, supra-nationals, banks or companies, certificates of deposit, and deposits with credit institutions. The weighted average duration of the Sub-Fund's investments is expected not to exceed 2 years. The Sub-Fund will only invest in investment grade fixed income securities. Investment grade means bearing a credit rating of BBB- and/or Baa3 or equivalent and above from any one of the following internationally recognized credit rating agencies: Standard & Poor's, Moody's or Fitch. In case any such securities are being downgraded to non-investment grade, the Sub-Fund will liquidate such positions within a reasonable period of time, taking due account of the interests of the Unitholders.