Global Core Full Discretion

Investment Objective

Exceed the benchmark return by 150 basis points annually over the course of a market cycle while approximating benchmark risk.

Investment Style

Construct a portfolio using global fixed-income markets and currencies. Added value is sought through country and currency allocation, sector rotation, duration and yield curve management, as well as issue selection. Portfolio risk is managed through broad diversification across markets/sectors, duration management and active hedging of currency exposure.

Investment Vehicles

Separate Account: Contact your CSE or call 1-626-844-9400
Commingled Vehicle Available

Performance as of March 31, 2017

Returns for periods greater than one year are annualized. Please see the Performance Disclosure for more information.

Historical Performance: By Calendar Year

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Strategy AUM: Total Global Core Full Discretion Assets:
US$9.2 billion1 (as of March 31, 2017)
Benchmark: Bloomberg Barclays Global Aggregate Bond Index (USD Hedged)*
Inception Date: 01 Apr 01
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Sector Allocation

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Portfolio Characteristics

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Past performance is not indicative of future investment results, the value of any investment can fall as well as rise.
Includes all Global Core and Global Core Full Discretion assets under management.
* Represented by Global Core Full Discretion (USD Hedged) Composite.