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For professional investors only. This document should not be circulated to retail clients. Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. Telephone calls may be recorded. Issued and approved in the UK by J O Hambro Capital Management Limited (registered in England No. 2176004), which is authorised and regulated by the Financial Conduct Authority. Registered address: Level 3, 1 St James's Market, London SW1Y 4AH. J O Hambro is a registered trademark owned by and used under licence from Barnham Broom Holdings Limited. JOHCM® is owned by J O Hambro Capital Management Limited.www.johcm.com
The JOHCM Global Income Builder team review the final quarter of 2019 and provide their thoughts for the year ahead.
Don't pay too much attention to the default rate. It's rating migration that matters.
Bifurcation and what the averages dont tell you...
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