End of easy money
After years of low inflation and interest rates, both are now higher. When combined with increased global tension this is causing greater market volatility.
Old strategies are outdated
Bonds no longer offer a safety net for equities…in 3 of the last 10 years stocks and bonds both lost value. The traditional 60/40 investment model is now less reliable.
Time for new approaches
Investors need flexible, liquid strategies that aim to provide consistent returns, no matter what's happening in the market.
Introducing DNCA Global Bond Investing
A truly flexible global bond investment strategy that aims to deliver positive returns, regardless of market conditions. Its seven sources of potential alpha, and modified duration of -3 to +7, allow it to adapt quickly to changing markets, aiming to steadily compound investments over time.
Features
- Target to outperform cash: > SOFR +2%*, which makes it relevant for all interest rate levels.
- Built for all market conditions thanks to its clear, rigorous and disciplined investment process.
*There is no assurance that any targets will be achieved.
- Primarily invests in OECD government bonds and across rates, credits and currencies.
- Average credit quality*: A+.
*Source: DNCA, as at 31/08/2025.
- Low volatility: Aims to maintain an annual volatility of less than 5%.
- Low correlation to equities, fixed income, and other asset classes.
The portfolio management team
The investment team has more than 80 combined years of investment management experience and three of the portfolio managers have been working together since 2011.
François Collet
Deputy CIO - Portfolio manager
DNCA Investments
Pascal Gilbert
Portfolio manager
DNCA Investments
Fabien Georges
Portfolio manager
DNCA Investments
Thibault Chrapaty
Portfolio manager
DNCA Investments
Paul Lentz
Bond Analyst
DNCA Investments
The firm
DNCA Investments is an affiliate of Natixis Investment Managers. Founded in 2000, the firm has built a skilled and experienced management team, focused on five areas of expertise: equities, fixed income, absolute return, multi-asset & SRI (Socially Responsible Investment).
Paris
France
170+
Employees
63
Portfolio Managers and Analysts
16
Languages
EUR 44 billion
Assets Under Management
Source: DNCA, as at 30/06/2025
Introducing DNCA's history, values and primary objectives, with CEO Eric Franc.
Interested in finding out more?
Discuss with your financial advisor or connect with us.
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