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Content on this website is intended only for institutional or professional investors and is for informational purposes only. It does not constitute investment advice, a recommendation, or an offer to sell or solicit any security.
“Bond vigilantes” are returning to global government bond markets, sending yields higher and making government debt more volatile. David Coombs, Head of Multi-Asset Investments, had already reduced the average time to maturity of the Fund’s bond holdings, focusing on income while avoiding large exposures to any single interest-rate outcome.
For charity trustees, this makes it especially important to understand how the maturity profile of bond holdings can affect portfolio risk and income.
Friday 30th October 2026
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