Why would you describe this fund as a 'one to watch' and how could the strategy work in investors' portfolios? We believe a core strategic bond investment can serve as the bedrock of an investor's portfolio, offering the potential for steady growth and a source of shelter when markets turn volatile. By investing across the whole of the fixed income spectrum, we have the flexibility to both protect capital and generate returns. Markets are currently pricing in a high degree of optimism, especially in the US, where a successful vaccine rollout is underway. Yet there remains a great deal of uncertainty about the future, from the possibility of new variants to the impact of winding down crisis support packages. In recent weeks, for example, new restrictions across Europe have pushed out any economic recovery, with the summer tourism season in the Mediterranean clearly threatened.