Insights from managing an absolute return bond fund for ten years

Launched in 2014, Royal London's Absolute Return Government Bond strategy was designed to deliver positive returns in a low-interest-rate environment, independent of market direction. Over the past decade, the fund has evolved into a "best ideas" vehicle, leveraging team-based insights to exploit inefficiencies in sovereign markets. This collaborative approach has broadened global market knowledge and enhanced overall performance across Royal London's funds. The strategy aims to outperform its benchmark (SONIA) by 2.5% per annum over rolling three-year periods and seeks positive performance...