The Payden Global Income Opportunities Fund is designed to generate steady and dependable returns regardless of the market environment and aims to produce a positive rate of return above the Bloomberg AusBond Bank Bill Index.

As an unconstrained investment strategy, the Fund is not beholden to a benchmark. It is designed to be better able to navigate the complexities of the evolving fixed income landscape and changing economic environment than traditional benchmark aware bond funds.

Payden’s unconstrained approach enables the Fund to invest in the full spectrum of fixed income assets, of both long and short duration, providing a large degree of flexibility – as markets change, Payden can significantly change the portfolio. In other words, Payden can invest anywhere, anytime, to deliver on the Fund’s objective.

The fund typically holds a low duration bias, aims to make quarterly income distributions and is highly diversified with up to 300 holdings.

Managed by a specialist investment house that is large enough to get access to new issues, but small enough to execute trades nimbly, using cash rather than derivatives. The manager also employs a robust risk management process that ensures no single theme or risk factor dominates sector allocation or performance.