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The Fund seeks to provide protection against inflation by investing primarily in investment grade inflation-linked bonds. It may also invest in nominal bonds and other debt securities issued within developed markets around the world.

 

The fund

  • Aims to provide long-term capital growth.

  • Offers inflation-linked exposure across differing monetary and economic cycles.

  • Targets attractive real yields without sacrificing credit quality.

Meet the Sanlam Fixed Interest Team

Why invest in the fund?

  • Inflation is re-emerging after a long period of dormancy – it has been a non-issue for decades but that is beginning to change
  • Our fund size and flexible approach mean we can allocate to select corporate bonds
  • Investing globally means we can take advantage of bond features that don’t exist in the UK, such as deflation floors and mitigating duration risk
  • Diversification benefits - One doesn’t need to be an inflation believer to benefit from inflation-linked bonds
  • Risk profile of the asset class – even if inflation doesn’t emerge, inflation-linked bonds can still perform*

*Low or disappointing GDP growth would mean a continuation of very low interest rates, which is supportive for long duration assets such as global inflation-linked bonds.

We view global inflation-linked bonds as being similar to a type of insurance – all diversified portfolios should have some exposure to them, in our opinion, due to their low or negative correlations to equities.

The fund was launched in 2017 as a dependable but fully active global inflation-linked product for private clients and Discretionary Fund Managers – as such repeatability of performance, transparency of investment process and value for money are key considerations. We want to offer our investors a genuinely global fund for a price that is comparable to some Exchange Traded Funds.

We believe an active approach in markets is important; we can take advantage of pricing anomalies (say, between on-the-run and off-the-run bonds) and the flexibility of our investment approach means that we can adjust our positioning quickly.

One doesn’t need to be an inflation believer to benefit from inflation-linked bonds

Thomas Wells, Fund Manager
Explore the details
Offering inflation-linked bond exposure across different economic regimes and inflation environments. The fund will also invest selectively in corporate inflation-linked bonds.
Read the latest factsheet

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Fund Risks

Past performance is not a guide to future performance. Do remember that the value of an investment and the income generated from them can fall as well as rise and is not guaranteed, therefore, you may not get back the amount originally invested and potentially risk total loss of capital. A table with five years’ performance is available in the fund factsheets.

The Fund will invest in debt and debt-related securities. The government or company issuer of a bond might not be able to repay either the interest or the original loan amount and therefore default on the debt. This would affect the credit rating of the bond and, in turn, the value of the Fund.  If long-term interest rates rise, the value of your shares is likely to fall. The Fund may invest in companies based in emerging markets, which may involve additional risks due to greater political, economic, regulatory risks, among other factors. Financial derivative instruments may be used for the purpose of hedging and efficient portfolio management. There is a risk that losses could be made on derivative positions or that the counterparties could fail to complete on transactions.

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The value of investments and any income from them can fall and you may get back less than you invested.