About Donald
Donald Phillips joined Liontrust in February 2018 from Baillie Gifford to create the Liontrust Global Fixed Income team with Phil Milburn and is Co-Head of the team with Phil. Previously, Donald had been co-managing the European high-yield strategy at Baillie Gifford since 2010. More recently, he had been involved in the portfolio construction of a US high-yield fund. Donald worked at Kames Capital with David and Phil from 2005 to 2008. He graduated from the University of Strathclyde in 2004 with a BA in Economics.
Latest insights
Phil Milburn & Donald Phillips
GFI Quarterly Strategy
Rate cuts likely to be larger and faster than market expects
Donald Phillips
AT1 bonds – high risk vs better value?
This bond class has been in the headlines for the wrong reasons
Donald Phillips
Why bond market volatility is good for strategic investors
Interest rate volatility can provide very fertile conditions for strategic bond investors
Phil Milburn & Donald Phillips
GFI Quarterly Strategy: credit overweight reduced following market rally
With recession looming and central banks shrinking their balance sheets, the Global Fixed Income team think credit spreads are no longer generous enough to justify a large overweight.
Phil Milburn & Donald Phillips
GFI Quarterly Strategy: macro risks priced in...
In their latest Quarterly Strategy, the GFI team explain why they think there is a mild recession coming and how they are positioning portfolios.
