Vontobel’s fixed income boutique investment company, TwentyFour Asset Management said its asset under management has surpassed GBP 10 billion.
TwentyFour Asset’s AuM rose by 25%, an increase of GBP 2.2 billion (USD 2.9 billion) year-to-date.
In 2016, TwentyFour continued its global expansion by opening its office in New York and launching its first US mutual fund in April 2017 in conjunction with US distribution partner American Beacon. During the first half of 2017, US domiciled bond funds saw USD 224 billion of inflows – the largest levels on record. Since launch, the American Beacon TwentyFour Strategic Income Fund has beaten 97% of its peers in the multi-sector bond category.
“Our global approach is certainly a positive in many regards. Not being overly domestic in focus has helped us, especially when we look at the US where our peer groups have a clear domestic bias,” says Mark Holman, CEO of TwentyFour Asset Management.
Whilst looking to grow in both size and stature, TwentyFour continues to remain committed to its core ethos and maintains strong performances across all of its disciplines. “TwentyFour is a genuinely global business and we have always kept performance as our top priority,” explained Holman.
Holman believes that being a boutique manager has, and will continue to, drive TwentyFour’s success. “In managing GBP 10 billion (USD 13.2 billion), size has been an advantage to us. We are more nimble than larger competitors who may struggle to access parts of the market that we are able to.” The firm’s aim is that by 2020, 50% of new investments will come from outside of the UK.