The Fund aims to achieve a high income return together with capital growth by investing primarily in fixed income instruments including bonds, notes of fixed and variable interest, preference shares, convertible and other securities issued by government, quasi-government, supranational, bank and corporate entities, and derivative instruments. The Fund may use forward foreign exchange transactions, credit default swaps, interest rate and government bond futures, and other exchange traded and off exchange traded derivative contracts for the purposes of efficient portfolio management and/or meeting the investment objectives of the Fund. Such derivative contracts have the potential to significantly increase the Fund�s risk profile. The ACD employs a risk management process that seeks to control the volatility of Fund returns. The Fund�s net exposure to non-investment grade instruments, as determined by the ACD, may not exceed 20 percent of net asset value.
Alex Smitten (Started: Jun 6, 2008)
Cazenove Investment Fund Management Ltd
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