Colchester Global Investors Appoints Monica Hood as Business Development Manager
Leading global sovereign bond manager, Colchester Global Investors, has appointed Monica Hood as Business Development Manager. Monica joins Colchester from Centuria Capital and has broad experience within the intermediary market. She brings with her a great deal of enthusiasm, strong adviser relationships and market insight. Monica is based in Sydney and tasked to further develop Colchester’s reach to financial advisers nationally. Monica has a proven track record in retail funds management with more than 20 years’ experience including distribution roles at Centuria Capital, Charter Hall, Folkestone and Hunter Hall.
Angela MacPherson, Head of Distribution Australia, said ‘I am pleased to welcome Monica to our Australian team. With our strong research ratings and growing coverage on model portfolios, APL’s and platforms, I know she has the candour and gravitas to really connect with advisers.’
‘We are seeing an uplift in allocations to our global sovereign bond portfolios on the back of our defensive style and investor concerns around diversifying their exposures to risk assets such as property and equities’ said Angela. ‘Advisers like the simplicity and transparency of our funds that makes it easy for investors to understand.’
Newly appointed Colchester BDM Monica Hood added: ‘I am delighted to be joining the Australian team. For me, Colchester’s’ appeal is its integrity, its single focus on managing sovereign bonds and its 20 year plus consistent track record. I look forward to working with both new and supporting advisors to build on our considerable distribution network of APL’s, model portfolios, SMA and managed account arrangements.’
Colchester has secured several top ratings from researchers, a broad selection of platform menu listings and many key APL, model and managed account inclusions. Colchester’s flagship fund, the Colchester Global Government Bond Fund has over A$728 million in FUM and is anticipating a continuation of this growth as the market’s desire to include core defensive fixed income assets continues. The Colchester Emerging Markets Bond Fund with over A$29m in AUM, has enhanced the Australian stable of funds and has secured Recommended Ratings from both Zenith and Lonsec, along with listings on several major platforms. Investors seeking opportunities to secure higher income and diversify their current high yield credit allocations, is driving the interest in Colchester’s emerging market sovereign program. The Colchester Emerging Market Bond Fund has an overall investment grade portfolio and is currently delivering 6.40% in distributions annually.
About Colchester Global Investors (as at end May 2021)
Colchester Global Investors is a value-oriented investment manager with a singular focus on managing global sovereign bonds and currency. Chairman and CIO Ian Sims founded the privately-owned asset management business in 1999. Colchester is based in London, with offices in New York, Singapore, Sydney and Dubai. Colchester has funds under management of approximately A$54bn across four core strategies being global sovereign bonds (A$33bn), global inflation-linked (A$3bn), emerging market debt (A$17bn), and an alpha program (A$0.4bn).
Colchester enjoys a long-standing history of managing money for many prestigious Australian and New Zealand institutions, with assets under management of approximately A$6.2bn. Investment management services are provided to institutional clients on a separate account basis for mandates over A$75 million.
Colchester has launched wholesale funds for their global fixed income and emerging market capabilities. The Colchester Global Government Bond Fund has FUM of approximately A$728 million and The Colchester Emerging Markets Fund has FUM of approximately A$29 million.
The Colchester Global Government Bond Fund is currently rated Highly Recommended by Lonsec and Zenith, and the Morningstar Analyst Rating™ is Silver. Current platform listings include, AMP MyNorth, AMP Portfolio Care, AMP Summit, AMP iAccess, Asgard, Ausmaq, BT Panorama, BT Wrap, CFS First Choice, CFS FirstWrap, Grow Wrap, HUB24, IOOF eXpand, IOOF FinHQ, IOOF Pursuit, Macquarie Wrap, Mason Stevens, MLC Navigator, MLC Wrap, Netwealth, Oasis (Voyage), OneVue Wrap, Portfolio One, PowerWrap, Praemium, Symetry, uXchange, Wealth02 and Xplore Wealth.
The Colchester Emerging Markets Bond Fund is currently rated Recommended by Zenith and Lonsec. The current platform listings include AMP North, Asgard, Ausmaq, BT Panorama, HUB24, Netwealth, Praemium and uXchange.
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.
The rating issued September 2020 Colchester Global Government Bond Fund and October 2020 Colchester Emerging Markets Bond Fund are published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2021 Lonsec. All rights reserved.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned March 2021 for Colchester Global Government Bond Fund and Colchester Emerging Markets Bond Fund) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines.
The Morningstar Analyst Rating™ for Colchester Global Government Bond Fund is ‘Silver’ as of 10 May 2021. © 2021 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘regulated financial advice’ under New Zealand law has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (AU) or Financial Advice Provider Disclosure Statement (NZ) at www.Morningstar.com.au/s/fsg.pdf and www.morningstar.com.au/s/fapds.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.
Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975) is the Responsible Entity of the Colchester Global Government Bond Fund (ARSN 168 909 671) and the Colchester Emerging Markets Bond Fund (ARSN 616 633 428) (each a “fund”). This document is not intended to be securities or financial product advice and should not be relied upon as such. To obtain a copy of a Fund’s PDS please contact Colchester. The PDS should be considered in deciding whether to acquire, or continue to hold, an investment in a Fund. This information is of a general nature only and does not take into account the investment objectives, financial situation or particular needs of any investor and should not be taken as a securities or stock recommendation. These factors should be considered before any investment decision is made in relation to a Fund. The performance of a Fund is not guaranteed. Colchester and Equity Trustees Limited make no representation (express or implied) and shall have no liability in any way arising from the provision of this document for any loss or damage, direct or indirect, arising from the use of this document.