Thames River safeguards against interest rate hike

The Thames River Global Bond Fund is being positioned in Asia as its managers seek to protect it fro...

The Thames River Global Bond Fund is being positioned in Asia as its managers seek to protect it from anticipated rate rises in core markets. The fund is up 1.4% on a total return basis since its launch on 24 October last year. It outperformed its benchmark, which is 50% FTSE gilt index and 50% Citigroup Global Government Bond index, by 0.20% over that time period, according to the group. Manager Peter Geikie-Cobb said: "We have had a reasonable start and have preserved capital but have been taking a cautious stance in terms of duration which hasn't necessarily been the right thing to do...