QIC Global Fixed Interest

Comprising a team of more than 20 experienced investment professionals, QIC Global Fixed Interest (QIC GFI) is a leading global manager of fixed interest solutions.

With a strong track record of meeting our clients' fixed interest investment objectives, our approach delivers solutions ranging from benchmark-driven products to innovative, tailored beta (market returns) and alpha solutions.

Investment approach

We have a consistent investment approach across portfolios, featuring:

Rigorous research. This research encompasses all macro fundamental research of the factors determining the outlook for interest rates and credit markets.
A 'scorecard' process for measuring the conviction of our positions. This proven, systematic approach for decision-making leads to superior portfolio recommendations.
A strong governance framework to better control risk. We use the BlackRock Solutions Aladdin Package, which provides access to continuous real-time information on portfolio positions and ensures our portfolio managers are fully aware of all portfolio risks.

Our innovative approach has delivered a strong track record of performance and provides our clients with the confidence that we can continue to achieve their investment objectives.

Investment solutions

The key to our success is our ability to provide fixed interest solutions that meet our clients' objectives.

In recent times, these solutions have included:

opportunistic investments in areas such as infrastructure debt
innovative inflation protection strategies
tailored sovereign bond mandates that are augmented with a pure alpha investment.

We continually review and adapt our solutions for the changing needs of our clients and the ever-evolving investment environment.

We offer investment solutions to clients via discrete fixed interest mandates and/or via a range of pooled products including:

QIC GFI Alpha Fund (pdf 322Kb). Gain meaningful and scalable active returns from global fixed interest markets. Australia's first fixed income absolute return fund.
QIC Cash Enhanced Fund (pdf 209Kb). Access stable, absolute and meaningful active returns with minimal downside risk. AA+f-rated.
QIC Australian Fixed Interest Fund (pdf 178Kb). Gain market exposure and meaningful active returns from the Australian fixed interest market.
QIC Diversified Fixed Interest Fund (pdf 248Kb). Gain market exposure and meaningful active returns across global fixed interest markets.
QIC Global Credit Opportunities Fund (187Kb). Access attractive yield from a fund with defensive infrastructure-like characteristics.

Global Fixed Interest - Performance @ 28 February 2010


	3 months		1 Year		3 Years		5 Years		Since Inception
Fund	Actual	Bmk	Actual	Bmk	Actual	Bmk	Actual	Bmk	Actual	Bmk	Inception Date
QIC Cash Enhanced Fund	1.39	1.02	6.63	3.48	5.67	5.79	5.96	5.86	5.95	5.75	July 2003
QIC Australian Fixed Interest Fund	2.24	1.46	9.05	3.45	7.24	6.61	6.69	6.14	7.82	7.60	June 1994
QIC Diversified Fixed Interest Fund	2.54	1.48	15.02	7.81	7.88	7.59	7.10	6.80	7.64	6.82	February 2004
QIC Global Fixed Interest Alpha Fund	0.54	1.02	10.57	3.48	13.44	5.79	-	-	12.49	5.87	July 2005
QIC Global Credit Opportunities Fund	4.17	1.02	31.44	3.48	-	-	-	-	3.28	5.73	May 2007
QIC Global Alpha Fund (USD)	-2.89	-	-	-	-	-	-	-	-1.60	-	May 2009

Notes

Past Performance is not a reliable indicator of future performance.

Total Return is calculated by constructing a Total Value Index series or equivalent data. The index reflects percentage change in the value of continuing Scheme Holder’s investments assuming the reinvestment of all Distributions (if applicable) back into the Product (and no other acquisition or disposal/withdrawal). Daily returns are calculated from daily unit prices and the returns are expressed on a percentage per annum basis.

The end of financial year is 30 June.

Benchmarks

QIC Cash Enhanced Fund = UBS Bank Bill Index
QIC Australian Fixed Interest Fund = UBS Semi-Government Bond Index to June 1998; UBS Composite Bond Index from July 1998 onwards
QIC Diversified Fixed Interest Fund = Composite benchmark consisting of 40% UBS Composite Bond Index and 60% Barclays Capital Global Aggregate Index* (hedged in AUD),
QIC Global Fixed Interest Alpha Fund = UBS Bank Bill Index
QIC Global Credit Opportunity Fund = UBS Bank Bill Index benchmark

*Barclays Capital Global Aggregate Index was formally known as Lehman Global Aggregate Index.

Contact us

To find out more about QIC GFI's investment solutions, please contact Scott Cornfoot +61 7 3360 3942 e: s.cornfoot@qic.com, Ryan Gordon +61 7 3020 7016 e: r.gordon@qic.com or Bryan Baker +61 7 3360 3867 e: b.baker@qic.com.