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Royal London Asset Management launches Global Government Bond Fund

20th October 2025

Royal London Asset Management today announces the launch of the RL Global Government Bond Fund.

The launch builds on the success of the £1bn UK-based International Government Bond Fund, also managed by Gareth Hill and Paul Rayner, to create an offshore fund that is built on a proven track record of bottom-up stock selection along with exposure to gilts.

In a world of heightened volatility, driven by protectionism, geopolitical realignment, and diverging monetary policies, fixed income investors need more than just duration management, they need global diversification and multiple alpha levers.

The fund can rotate across sovereign markets to capture relative value and exploit cross-market inefficiencies created by diverging fiscal and monetary policies.

Global macro trends are unlikely to stabilise in the near term. Trade policies, inflation dynamics, and central bank actions will continue to drive volatility. In this environment, a globally diversified and actively managed government bond fund can provide multiple sources of alpha and offer investors a resilient solution.

Ed Venner, Chief Client Officer at Royal London Asset Management said:

“We anticipate that this new strategy will benefit fixed income investors in the UK and internationally*, who can invest through our Dublin based fund. The RL Global Government Bond Fund combines the benefits of a long-term strategic view, with a tactical overlay to target outperformance over time with reduced volatility. The strategy is built not just to weather uncertainty, but to thrive in it.”

*UK (including the Channel Islands), Ireland, Germany, Switzerland. 

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The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.