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Key documents
Objective
For fund factsheets, please contact us on clientreporting@bluebay.com.
The BlueBay Global Sovereign Opportunities Fund Limited is designed to sovereign issuers, rates and currencies across global markets (including emerging markets), combined with environmental, social and governance (ESG) criteria.1
Sustainability-related disclosure
The BlueBay Global Sovereign Opportunities Fund Limited (the Fund) is a discretionary global macro active strategy investing in interest rates, currencies and sovereign credit across global markets (including Emerging Market Countries).
This Fund has no benchmark.
Intended retail investor
This product is only available to qualified Institutional Investors and/or investors who are:
(a) an informed investor who has an average knowledge of relevant financial products (an informed investor can make an informed investment decision based on the regulated and authorised offering documentation, together with knowledge and understanding of the specific factors/risks highlighted within them only); or has some financial industry experience; or
(b) an advanced investor who has a good knowledge of relevant financial products and transactions; or has financial industry experience; or is accompanied by professional investment advice; or is included in a discretionary portfolio service
Fund specific risks
- At times, the market for investment grade bonds may dry up, which could make it difficult to sell these bonds, or the fund may only be able to sell them at a discount
- There may be cases where an organisation with which we trade assets or derivatives (usually a financial institution such as a bank) may be unable to fulfil its obligations, which could cause losses to the fund
- Investing in emerging market bonds offers you the chance to gain higher returns through growing your capital and generating income. Nevertheless, there is a greater risk that the organization which issued the bond will fail, which would result in a loss of income to the fund along with its initial investment
- RBC BlueBay's ESG analysis can rely on input from external providers. Such data may be inaccurate or incomplete or unavailable and RBC BlueBay could assess the ESG risks of securities held incorrectly
- RBC BlueBay could suffer from a failure of its processes, systems and controls – or from such a failure at an organisation on which we rely in order to deliver our services – which could lead to losses for the fund
This is a marketing communication. There are several risks associated with investing in this product. Please refer to the prospectus of the fund and to the KIID available on this website before making any final investment decisions.
1. Certain investment strategies, asset classes, exposure and security types do not integrate ESG factors, including but not limited to money market, buy-and maintain, passive, and certain third-party sub-advised strategies or certain currency or derivative instruments. Different strategies that integrate ESG factors will be at varying stages of implementation. Please read a fund's prospectus or offering memorandum for further details.
Investment approach
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Top-down macro thematic conviction is based on deep fundamental country-level research and proprietary on-the-ground policy analysis
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Individual risk exposures are based on well researched medium-term structural investment decisions. Investment Strategy does not rely on short term tactical or technical trading
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Holding periods for positions vary depending on the specific characteristics of the opportunity, but will typically range between one week and several months
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All investment decisions considered for inclusion in the portfolio are logged in the team’s Alpha Decision Tool with a conviction rating score ranging from +3 to -3
Market opportunity
RBC BlueBay Asset Management adopts a team-based approach, with comprehensive involvement of specialists in idea generation, investment decision making and portfolio/risk construction
Portfolio construction is led by Russel Matthews, supported by Mark Dowding (Chief Investment Officer, BlueBay) within a disciplined risk management framework that emphasises liquidity and downside risk mitigation
Mark Dowding
BlueBay Chief Investment Officer, BlueBay Fixed Income
Mark is Chief Investment Officer for BlueBay fixed income. He has over 30 years' investment experience as a macro fixed income investor and has been a senior BlueBay portfolio manager since he joined in August 2010. As a macro risk taker, Mark actively pursues an open dialogue with policy makers and opinion formers, believing that proprietary research is key to gaining insights to generate strong investment returns. Prior to joining the firm, Mark was Head of Fixed Income in Europe for Deutsche Asset Management, a role he previously occupied at Invesco. He started his career as a fixed income portfolio manager at Morgan Grenfell in 1993 and holds a BSc (Hons) in Economics from the University of Warwick.
Russel Matthews
BlueBay Senior Portfolio Manager, Global Macro
Russel is the lead portfolio manager for BlueBay's global macro strategy. He joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in September 2010 as a Portfolio Manager responsible for the firm's European government and aggregate bond portfolios. Prior to BlueBay, Russel worked at Invesco Asset Management from 2000 to 2010, where he was responsible for managing multi-currency global fixed income portfolios for retail and institutional clients. He was also Co-Head of Global Alpha (ex US). Prior to joining Invesco, He worked at Citigroup Asset Management. Russel was born and grew up in Zimbabwe, and attended University in South Africa. He earned a Post Graduate Diploma in Management from the University of Cape Town in 1996 and a Bachelor of Arts degree in Economics and Journalism from Rhodes University in 1995.
Kaspar Hense
BlueBay Senior Portfolio Manager, Investment Grade
Kaspar joined BlueBay Asset Management (which is now part of RBC Global Asset Management) in August 2014 and is a BlueBay Senior Portfolio Manager within the Investment Grade team. Prior to joining BlueBay, Kaspar worked for three years at Toronto Dominion Securities, in their global fixed income, capital markets group covering German clients. Previously, Kaspar spent six years' with Deutsche Asset and Wealth Management where he was responsible for the global aggregate bond strategy. Kaspar began his career at Merrill Lynch in 2005 as an analyst. He holds a Master's Degree in Financial Management from a joint programme of the Christian Albrechts University of Kiel and the University of San Diego; and a Master's Degree in Economics from the Christian Albrechts University of Kiel. Kaspar is a CFA charterholder.