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Government Bonds

Home / Capabilities / Credit / Bonds

Inflation-linked government bonds

Our approach:

We are value-driven, active investors, seeking to capture sustainable alpha over the medium to long term. We focus on exploiting relative value extremes across real yields, nominal yields and inflation. We believe that active management, delivered in line with clients' risk appetite and timescales, adds value to clients' government bond portfolios over the long term.

Why Hermes?

We are not afraid to challenge the market view. We believe government bond markets are not fully efficient and aim to capitalise on this by managing high-conviction portfolios

We have a highly experienced team. With an average of 24 years' experience, our team has the ability to invest decisively in complex market situations, which can contribute to outperformance over the long term.

We are inflation-linked bond specialists. We manage more than £8.4bn in inflation-linked bond strategies1. Our understanding of the dynamics and drivers of the asset class enables us to take active positions in seeking to deliver long-term outperformance to clients.

Available strategies:

    • UK Inflation-Linked Bonds - Aiming to outperform the FTSE Actuaries Index-Linked +5 years, on a rolling 3-year average basis.
    • Global Inflation-Linked Bonds - Aiming to outperform the Barclays Capital Global Inflation Index, hedged to sterling on a rolling 3-year average basis.
    • UK Government Bonds - Aiming to outperform the FTSE Government All Stocks Index on a rolling 3-year average basis

1 Source: Hermes as at 31 August 2015