Choose Country Process & Capabilities Process Investment Valuations consistently applied in portfolio decisions with a strong focus on managing risk. Investment Value is at the core of Colchester’s investment process. It is the synthesis of “Real Value” and “Financial Stability” assessed across countries, currencies, sectors, duration and maturity. Real Value is captured by our estimates of the prospective real yield – after subtracting the impact of expected inflation from the nominal yield. This is supported by a robust inflation forecasting framework grounded in the monetarist tradition. Our inflation forecasts are primarily underpinned by lagged money and credit growth. This monetary orientation is supplemented with more direct ‘price’ information arising from commodity price and currency changes. We also attempt to capture demand pressures through the use of ‘capacity’ utilisation terms when relevant. Financial Stability Score represents an assessment of a country’s overall balance sheet and governance standards and includes, where it is possible and practicable to do so, environmental and social, factors. The Financial Stability Score is produced both for the bonds issued by a country and for the currency. We do this through an extensive assessment of the macro-economic environment, policy framework, ESG standards and other country specific factors. Countries with strong financial balance sheets will receive a premium while weaker ones will be penalised. Our Investment Management Committee approves inflation forecasts, the bond and currency financial stability scores and the resulting real yield and real exchange rate valuations. We utilise an optimisation process which is used to construct efficient portfolios that offer the highest available real yield and exposure to the most attractive currencies on a real exchange rate basis, within the overall risk constraints of the portfolio. Our goal is to allocate the tracking error budget to generate two-thirds of the excess return through the bond portfolio and one-third of the excess return through the currency portfolio. Keith Lloyd explains Colchester’s investment process What is Colchester’s Investment Universe? (00:07) What are Colchester’s sources of added value? (01:37) How does Colchester build their portfolio? (02:28) How important to Colchester is managing risk in portfolios (04:07) Capabilities Our central investment strategy is applied consistently across each mandate, to multiple benchmarks and different base currencies, whilst offering alternative currency hedging strategies. Clients have the option of tailoring a portfolio to their needs; whether it be within our flagship global sovereign bond capability or another subset of the market such as local emerging markets, inflation linked bonds or our alpha program. Colchester offers the ability to manage to a range of benchmarks, and various currency management and risk parameters. Investment management services are offered to clients on a separate account basis for mandates over US$75 million. UCITS funds offer daily liquidity and are available to professional investors across our full product range. For more detailed insights on our process. CONTACT US Colchester Papers. FIND OUT MORE Watch our recent video insights. VIEW VIDEOS Contact Us If you have any questions relating to our UCITS funds, performance or holdings or you are representing a new investor wishing to make an initial subscription into our UCITS funds, please contact your usual contact at Colchester Global Investors Limited or email: UCITSTA@colchesterglobal.com For all administrative matters relating to our UCITS funds, please contact Northern Trust at colchesterglobal@ntrs.com or via fax at +353 1 542 2902 or via phone on +353 1 434 5110. Northern Trust are responsible for all shareholder transactions (subscriptions, redemptions, switches and transfers), registration amendments and changes to authorised parties, delivery of statements, audit requests and responding to NAV and performance reporting queries. Home Who we are About Colchester Process and Capabilities Meet the Team Resources Colchester Papers Press Video Library Contact Us Headquarters London Heathcoat House 20 Savile Row London W1S3PR United Kingdom Phone: +44 207 292 6920 Other Global Offices New York 885 Third Avenue 24th Floor New York NY 10022 United States of America Phone: +1 646 472 1800 Singapore 6 Battery Road #40-02A Six Battery Road Singapore 049909 Singapore Phone: +65 3158 3760 Sydney Suite 1403, Level 14 20 Hunter Street Sydney NSW 2000 Australia Phone: +61 2 8599 2132 Dubai Index Tower, Unit 403 DIFC Dubai, United Arab Emirates Phone: +971 5 0463 5370 POLICY STATEMENTS DISCLAIMER Colchester Global Investors Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Colchester Global Investors Limited is also registered with the Securities and Exchange Commission in the USA and is registered as a Commodity Trading Advisor and Commodity Pool Operator with the Commodity Futures Trading Commission. Colchester Global Investors Limited is incorporated in England and Wales with its registered office at Heathcoat House, 20 Savile Row, London W1S 3PR, United Kingdom and registered number 3855960. Colchester Global Investors (Singapore) Pte. Ltd holds a capital markets services licence in fund management issued by the Monetary Authority of Singapore. Colchester Global Investors (Singapore) Pte. Ltd also holds an offshore discretionary investment management services licence issued by the Financial Services Commission of Korea. Please note the following in respect of Colchester’s regulatory status in Australia: (i) neither Colchester Global Investors Limited nor Colchester Global Investors (Singapore) Pte. Ltd. holds an Australian financial services licence for the provision of certain financial services, and both entities are exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 (Cwlth) in respect of the financial services Colchester provides; (ii) Colchester Global Investors Limited is authorised and regulated by the Financial Conduct Authority of the United Kingdom under UK laws, which differ from Australian laws; (iii) Colchester Global Investors (Singapore) Pte. Ltd. is regulated by the Monetary Authority of Singapore under Singapore laws, which differ from Australian laws. Therefore, Australian wholesale clients are not necessarily subject to the same types of legal protections or remedies that they would enjoy if Colchester was directly subject to the Corporations Act. Colchester is entitled to offer its financial services in Australia pursuant to an exemption from the requirement to hold an Australian Financial Services Licence under the Corporations Act, on the basis, among other things, that the clients are “wholesale clients” within the meaning of the Corporations Act. Colchester Global Investors Middle East Limited is regulated by the Dubai Financial Services Authority for the provision of Advising on Financial Products and Arranging Deals in Investments. All communications and services are directed at Professional Clients only. Persons other than Professional Clients, such as Retail Clients, are not the intended recipients of Colchester Global Investors Middle East Limited’s communications or services. Colchester Global Investors Middle East Limited is a company established in the Dubai International Financial Centre (DIFC) pursuant to the DIFC Companies Law with registration number CL 3239. Colchester Global Investors Limited is licenced as a financial services provider by the Financial Sector Conduct Authority (licence number 43012) in South Africa. Colchester Global Investors Limited is registered with the Securities Commission of The Bahamas, as the investment manager for an investment fund licenced as a Smart Fund model 003, in accordance with the provisions of the Investment Funds Act, 2019. Colchester Global Investors Inc. is a wholly owned subsidiary of Colchester Global Investors Limited. It is not permitted to provide investment advice or otherwise engage in a regulated activity. | Website by Nest Creative