Tellsons Endeavour slashes bond exposure on poor value corporates

Multi-asset fund looks to trim US financials

Mike Sheen
clock • 3 min read
The fund is also currently "very short duration" within its corporate bond exposure at around three years
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The fund is also currently "very short duration" within its corporate bond exposure at around three years

The Tellsons Endeavour fund has been cutting its exposure to fixed income in recent months in response to “very poor” value on offer within the corporate bond market, according to managing partner and co-CIO Joe Bunting, who has shifted its duration exposure to “about as low as it has ever been”.

The London-based boutique's multi-asset strategy has reduced its exposure to fixed income from 44% of the portfolio in April to 37.8% as of the end of June, according to FE fundinfo. Its equities exposure...

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