Global Fixed Income Investing: A Value-Oriented Approach
Brandywine Global’s pioneering approach aims to deliver differentiated investment solutions.
The Value Approach: A World of Opportunities
Brandywine Global believes in the power of value. Utilizing an investment philosophy with a global perspective grounded in conviction and discipline, the firm looks beyond short-term conventional thinking to rigorously pursue long-term value and bring differentiated investment solutions to clients worldwide.
Investment opportunities are sought across global markets to avoid the biases inherent in country- or sector-specific research.
Focus on global bonds that offer the best combination of high real yields, undervalued currencies and attractive fundamentals, given the macroeconomic outlook.
To find alpha — across countries, currencies and credit — that is unconstrained by global bond indices, which tend to be skewed toward the biggest issuers of debt.
A pioneer in global fixed income
With over 25 years of experience, Brandywine Global is a demonstrated leader in global fixed income. Founded in 1986, the firm is led by industry veterans with extensive experience identifying value in global bond markets, and over time the firm has provided solid opportunities for investors.
Global fixed income may be underrepresented in portfolios, which can limit duration decisions and increase risks for domestic-only bond investors.
Global bonds based on the Bank for International Settlements’ Summary of Debt Securities Outstanding, as of June 30, 2017. Institutional asset allocation data from Greenwich Associates, as of December 31, 2017.
Investment InsightsJanuary 16, 2018
Market OutlookJanuary 16, 2018
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Fixed-income securities involve interest rate, credit, inflation, and reinvestment risks; and possible loss of principal. As interest rates rise, the value of fixed-income securities falls. International investments are subject to special risks including currency fluctuations, social, economic and political uncertainties, which could increase volatility. Active management and diversification do not ensure a profit or protect against market loss.
Morningstar 2017 Nominee for U.S. Fixed-Income Fund Manager of the Year: Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. Established in 1988, the Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers’ funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders’. Nominated funds must be Morningstar Medalists—a fund that has garnered a Morningstar Analyst Rating™ of Gold, Silver, or Bronze. The Fund Manager of the Year award winners are chosen based on Morningstar’s proprietary research and in-depth qualitative evaluation by its fund analysts. For more information about Morningstar Awards, visit http://corporate1.morningstar.com/Morningstar-Awards/.
This nomination does not imply positive performance for the funds being discussed.
Morningstar Awards 2017©. Morningstar, Inc. All Rights Reserved. David Hoffman, Stephen Smith, John McIntyre and Anujeet Sareen; BrandywineGLOBAL Global Opportunities Bond Fund (GOBSX) nominated for Fixed-Income Fund Manager of the Year, United States.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks associated with hedge funds, alternative investments and other risks, performance and other important information. Review this information carefully before you make any investment decision.