Fixed Income Investments
The fixed income team is responsible for investments in bonds, short term securities and analysis of the Fund’s foreign currency exposures. The team actively manages the global fixed income portfolio to produce optimal investment performance and avoid undue risk. It aims to outperform the Barclays Global Aggregate Index over the long term. In addition to conforming to the investment policies credit criteria and issuer concentrations, safety and liquidity are also primary concerns when investing on behalf of the fund. Investment policy of the IMD prohibits investments in the tobacco industry and in companies manufacturing weapons of mass destruction
In addition to in house investments, IMD engages some specialty external fund managers executing specialist strategies i.e emerging market debt.
The investment team works closely with the risk and compliance team to ensure compliance with risk budgets and risk corridors.