Hailing from London, Adam Cordery has been managing a fixed income fund at Santander AM since February 2014. Prior to this, he worked at Schroders for 10 years. He kicked off his fund manager career at UBK Asset Management in 1996 and in 2000 joined Invesco Asset Management. At Invesco he was promoted to head of European High Yield and managed from launch the Invesco Extra Income Fund, Global and European High Yield products. Adam's first work experiences were as an economist; in 1989 he worked at the Civil Aviation Authority and in 1991 went on to become a senior economist at the Economist Intelligence Unit. He gained a BA in Economics from Cambridge University. Adam lists family, the theatre and reading among his interests outside of fund management.
The objective of the Sub-Fund is to achieve a high level of current income by investing mainly in a diversified portfolio of corporate international fixed income securities. Additionally, the Sub-Fund may invest in public fixed income securities, money market and cash instruments. The Sub-Funds assets will be mainly invested in investment grade securities; the assets invested in below investment grade securities may not exceed 5% of the net asset value of the Sub-Fund. These investments will be rated below BBB- by Standard & Poor's or Baa3 by Moody's and the equivalent by other rating agencies at the time of the investment.