Canada Life Investments and Putnam Investments have partnered to offer the LF Canlife Global High Yield Bond Fund. The LF Canlife Global High Yield Bond Fund seeks to provide high current income along with the prospect of some capital growth by holding a globally diversified portfolio of high-yielding fixed income securities. The Fund (the 'Feeder Fund') invests in the Putnam Global High Yield Bond Fund (the 'Master Fund') through a master-feeder structure
Low interest rates, low bond yields and rising longevity mean that the hunt for income has become more important than ever. The fund aims to provide a high current income by investing in bonds that pay an attractive yield.
The fund is diversified across countries, industries, sectors, companies and credit ratings within the global high-yield universe to help reduce volatility.
Managed by Putnam Investments, a firm with 75 years of experience investing in credit markets and a long standing capability in high yield.
Past performance is not a guide to future performance. The value of investments may fall as well as rise and investors may not get back the amount invested. Income from investments may fluctuate. Currency fluctuations can also affect performance. Performance figures are on a bid to bid with net income reinvested basis. Valuations are based on the previous day's prices.
The high-yield market is characterised by small issuers, complex securities, and a diverse set of markets, economic environments and business cycles. The fund’s managers employ bottom-up fundamental credit research within a top-down framework to identify attractive opportunities arising from inefficiencies in global high-yield fixed interest markets.
Security selection is driven by weighing relative value offered against the potential risk-adjusted returns. The fund is diversified across countries, industries, sectors, companies and credit ratings within the global high yield universe to help reduce volatility.
The team believes generating outperformance over time requires avoiding deteriorating credits, identifying opportunities for capital appreciation, adhering to a stringent risk management process, and actively managing the portfolio’s credit profile from the top down.
The LF Canlife Global High Yield Bond Fund (the 'Feeder Fund') invests in the Putnam Global High Yield Bond Fund (the 'Master Fund') through a master-feeder structure. All references to 'the Fund' in this document relate to the underlying Master Fund. LF Canlife Global High Yield Bond Fund permanently invests at least 85% in value of its assets in the Master Fund. It will normally wholly invest in the Master Fund but may at times hold up to 15% in cash or near cash. The Master Fund is a sub-fund of Putnam World Trust, which is an umbrella unit trust and an undertakings for collective investment in transferable securities (UCITS) scheme established and organised under the laws of Ireland.
Interested in this fund and would like to find out more?
Contact our team who will be happy to answer any questions you may have about this fund.
+44 (0)20 7415 6546
INVESTOR SERVICES AND DEALING TEAM
T: 0345 606 6180 (Mon-Fri, 08:30 - 17:30)
Dealing: Select Option 1
Enquiries: Select Option 2
Fax: 0113 224 6001
Please note that calls may be recorded for training and monitoring purposes
CANADA LIFE INVESTMENTS HEAD OFFICE
T: +44 (0)20 7415 6546