A diversified and liquid fixed interest strategy that:
To provide a diversified lower-risk strategy that seeks stability and incremental returns with low swings in capital value.
To deliver greater returns than an investment grade corporate bond index/portfolio over the medium term (rolling 3 years) after fees and tax.
Annual standard deviation and drawdowns similar to that of an investment grade corporate bond index/portfolio.
Benchmarked against a mix of bonds and 90 day bank bills, 100% hedged to the New Zealand dollar.