THREADNEEDLE (LUX) GLOBAL MULTI ASSET INCOME FUND
Our best investment ideas for consistent income
To meet the different financial goals of a wide range of
investors, investing for income has become increasingly important.
Whether it's regular income for retirement, or funding your
children's overseas education, generating a steady stream of
consistent income is likely to be a priority for many
With a focus on diversification, the right blend of
income-generating assets can be pulled together with the aim of
achieving a strong and sustainable level of income as well as grow
capital, irrespective of the global macro environment, over the
"In a market where yields across many asset classes are low,
our Global Multi Asset Income Fund provides a cost-effective
solution for investors seeking quality, sustainable income whilst
keeping volatility in check."
Maya Bhandari, Portfolio Manager
Discover more about Global Multi Asset Income
Key reasons to invest
- The portfolio manager invests in proven income capabilities
across equities and fixed income, then supplementing the income
using a covered call option.
- Our focus is on quality; within fixed income we have been able
to achieve high yield without going significantly down the credit
spectrum. Within equities, we believe dividends are an
under-appreciated signal of investment quality and we look for
companies that can generate sustainable dividend growth.
- Our well-diversified portfolio aims to provide an annual income
of 5%1 with strong risk-adjusted returns by capturing
the upside while seeking to protect the downside, with less
volatility than an equity-only strategy.
- Portfolio manager is supported by more than 20 investment
experts, including an eight-strong Asset Allocation Strategy Group
to draw on the wider investment platform for macro insights,
information and proprietary research, generating richer
perspectives on global, regional and local investment
- Established range of multi-asset portfolios where we manage
$133.9bn in multi-asset investments, comprising 27.7% of total firm
1 Please note that the
performance target may not be attained.
2 Data as at 30 June 2018.
The aim of the Fund is to provide income with the potential to
grow the amount you invested over the medium to long term. At least
two-thirds of the Fund's assets will be in positions in companies
and bonds (which are similar to a loan and pay a fixed or variable
interest rate) issued by companies and governments worldwide. The
amount of the Fund that is invested in the different asset types
will vary over time as the Fund seeks to achieve its aim.
The Fund will invest in these assets directly or indirectly by
using derivatives. Derivatives are sophisticated investment
instruments linked to the rise and fall of the price of other
assets. Derivatives will be used to obtain, increase or reduce
exposure to underlying assets and may create gearing. Where gearing
is created, the net asset value of the Fund may experience more
fluctuation than if there were no gearing. The Fund may also invest
in asset classes and instruments different from those stated
Investment risk: The value of investments can
fall as well as rise and investors might not get back the sum
originally invested. Liquidity risk: The fund
holds assets which could prove difficult to sell. The fund may have
to lower the selling price, sell other investments or forgo more
appealing investment opportunities. Leverage risk:
Leverage amplifies the effect that a change in the price of an
investment has on the fund's value. As such, leverage can enhance
returns to investors but can also increase losses, including losses
in excess of the amount invested. Investment in
funds: The Investment Policy allows the fund to invest
principally in units of other collective investment schemes.
Investors should consider the investment policy and asset
composition in the underlying funds when assessing their portfolio
exposure. Currency risk: Where investments are
made in assets that are denominated in multiple currencies, changes
in exchange rates may affect the value of the investments.
No capital guarantee: Positive returns are not
guaranteed and no form of capital protection applies.
Issuer risk: The fund invests in securities whose
value would be significantly affected if the issuer either refused
to pay or was unable to pay or perceived to be unable to pay.
Interest rate risk: Changes in interest rates are
likely to affect the fund's value. In general, as interest rates
rise, the price of a fixed rate bond will fall, and vice versa.
Valuation risk: The fund's assets may sometimes be
difficult to value objectively and the actual value may not be
recognised until assets are sold. Investment in
derivatives: The Investment Policy of the fund allows it
to invest materially in derivatives. Volatility
risk: The fund may exhibit significant price volatility.
Inflation risk: Most bond and cash funds offer
limited capital growth potential and an income that is not linked
to inflation. Inflation is likely to affect the value of capital
and income over time.
Maya Bhandari is the lead manager of the Threadneedle (Lux)
Global Multi Asset Fund since December 2015, prior to this she was
the co-portfolio manager. As a portfolio manager and member of the
Global Asset Allocation team, she is also responsible for managing
and co-managing a range of multi-asset portfolios, as well as
providing strategic and tactical input to the company's asset
Before joining the company, Maya spent over 10 years advising
buy-side companies on their multi-asset strategies. Most recently,
she was a strategist and director at Citigroup within the Global
Macro Strategy & Asset Allocation team where she developed
broad global macro themes and investment ideas across asset
classes. She was also a member of the Citi Private Bank's
Investment Committee, where she advised the private bank on their
asset allocation decisions. Prior to that, she spent six years at
Lombard Street Research, latterly as head of Emerging Markets
Analysis, whilst also previously working as a senior economist and
strategist. Maya started her career as an economist for the
Maya holds an MA (First Class Honours) in Economics from
Edinburgh University, and a MPhil in International Relations from
View the Threadneedle (Lux) Global Multi Asset Fund brochure
Columbia Threadneedle multi-asset strategy aims for consistent
The Business Times, 28 March 2018