Where are you?
  • Austria
  • Belgium
  • Denmark
  • Finland
  • France
  • Germany
  • Guernsey
  • Ireland
  • Italy
  • Jersey
  • Luxembourg
  • Malta
  • Netherlands
  • Norway
  • Portugal
  • Spain
  • Singapore
  • Sweden
  • Switzerland
  • United Kingdom
  • Rest of World
It looks like you’re in
Not your location?
And finally, please confirm the following details
I’m {role} in {country} and I agree to comply with the terms of the website.
You are viewing as from Change

Donald Phillips

Co-Head of the Global Fixed Income team

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.

Meet the tea

Latest insights

See all related
Donald Phillips Donald Phillips
High coupons and high quality Donald Phillips sees positive trends in high yield
icon 20 November 2023
Insights 7
Lionesses Phil Milburn & Donald Phillips
GFI Quarterly Strategy Rate cuts likely to be larger and faster than market expects
icon 25 October 2023
Patient investing
Donald Phillips Donald Phillips
AT1 bonds – high risk vs better value? This bond class has been in the headlines for the wrong reasons
icon 29 March 2023
Donald Phillips Donald Phillips
Why bond market volatility is good for strategic investors Interest rate volatility can provide very fertile conditions for strategic bond investors
icon 20 March 2023
Global board
Lionesses 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.
icon 16 December 2022
Insights 5
Lionesses 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.
icon 4 August 2022
Insights 5

Donald's funds