YOUR PORTFOLIO
/ PORTFOLIO CONSTRUCTION /
GOALKEEPER
Royal London Short Duration
Global High Yield Bond
RYAN HUGHES: “By focusing on the short duration part of the market,
this fund significantly reduces the risk of default in the high yield area.
A large majority of the holdings mature in the next six months, which
gives an element of certainty and importantly also greatly reduces
transaction costs, therefore keeping the ongoing charges figure very
low. By targeting three month LIBOR +2% over rolling three-year
periods, the fund fulfils its role as goalkeeper perfectly.”
CENTRE-BACKS
tegic
Jupiter Stra
Bond
l
Ariel Bezale
DREAM TEAM
Like the perfect football team, the ideal portfolio will contain a blend of
styles that complement one another. Adam Lewis picks his fantasy 1st XI
W
ith the dust having barely settled on
Leicester City’s amazing Premier League
triumph, all the attention has quickly
turned to France, where the 24 finest teams
on the continent are battling it out in the
European Championship.
After a disastrous World Cup campaign, optimism
is oddly high in the England camp. Many fans are
clinging to the hope that if Leicester can do it, why
6
can’t we? Well, Leicester didn’t have any penalty shoot-
outs to deal with, but any summer football tournament
always brings with it an opportunity to marry the
nation’s favourite game with fund management.
Claudio Ranieri showed you don’t need a team
of superstars to win, so we tasked Liontrust’s John
Husselbee, Apollo’s Ryan Hughes and LGIM’s Justin
Onuekwusi to create a fantasy XI of funds, based
around a dynamic 4-4-3 formation.
trustnetdirect.com
Lisa Colem
an
FULL-BACKS
JOHN HUSSELBEE: “The key to long-term capital
appreciation is both the ability and flexibility
to defend the downside in financial markets.
The primary role of a strategic bond fund is to
preserve capital, but attack the market when there
is an opportunity to make money. TwentyFour
is an investment boutique that has built a strong
reputation for bond investing and the Dynamic Bond
fund is its flagship, offering a cash-plus return from
both defensive and attacking plays.”
RYAN HUGHES: “The duo at Henderson (Ben
Wallace and Luke Newman) have an excellent track
record of navigating their way through all kinds
of different markets, whether the environment
is defensive or more attacking. These are ideal
characteristics for a full-back. The long/short approach
has proven to be adept at smoothing the volatile nature of the
UK market and is well placed to tackle the
macro-economic challenges that face the UK economy.”
trustnetdirect.com
Azhar Hussain
JPM Global
Corporate Bo
nd
JUSTIN ONUEKWUSI: “Ultimately you
want your centre-backs to defend, but
you have to find the right combination of
someone willing to take risks and bring
the ball out of defence and someone solid
and dependable. What better combination
then than the Jupiter Strategic Bond fund,
managed by Ariel Bezalel, and the JPM
Global Corporate Bond fund, managed by
a team headed up by Lisa Coleman in New
York. Ariel’s fund currently has a defensive
tilt, yet is willing to take individual
opportunities, while the JPM fund adds core
credit exposure, adding sturdiness to the
defence for when the going gets tough.”
TwentyFour
Dynamic Bond
Hend
e
Absol rson UK
ute R
eturn
Eoin Walsh
Ben W
allace
& Luk
e New
man
7