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Donald Phillips

Head of Credit of the Liontrust Multi-Asset team

About Donald

Donald Phillips is head of credit in the Liontrust Multi-Asset team. He joined Liontrust in February 2018 from Baillie Gifford. 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 Phil from 2005 to 2008. He graduated from the University of Strathclyde in 2004 with a BA in Economics.

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Latest insights

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Donald Phillips Donald Phillips
High Yield: Why an active approach is best Mitigating risks and enhancing returns with active high yield investing
icon 3 July 2025
Runner
Donald Phillips Donald Phillips
High Yield – more resilient than many realise Long-term high yield bond data tells a surprising story
icon 24 September 2024
Resilience
Lionesses Phil Milburn & Donald Phillips
Finding value in government bonds The Global Fixed Income team provide their latest strategic update
icon 25 June 2024
Patient investing
Lionesses Phil Milburn & Donald Phillips
GFI Quarterly Strategy Rate cuts will be later and larger than the market expects
icon 24 January 2024
Patient investing
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's funds

Donald's funds

Strategic Bond Fund
Multi-Asset team

Strategic Bond Fund

The Strategic Bond Fund invests in credit securities and government bonds globally, seeking to take advantage of market inefficiencies through understanding the economic environment, bottom up stock analysis and flexibility over duration, credit, sector and geographical allocations.

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GF Absolute Bond
Multi-Asset team

GF Global Short Dated Corporate Bond Fund

The Fund aims to generate a total return over the long term through a combination of income and capital by investing in global corporate and government bonds.

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GF High Yield Bond
Multi-Asset team

GF High Yield Bond Fund

The Fund invests in high yield and selected investment grade bond and credit markets, seeking to take advantage of market inefficiencies through understanding the economic environment and detailed bottom up stock analysis.

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GF Strategic Bond
Multi-Asset team

GF Strategic Bond Fund

The Fund invests in credit securities and government bonds globally, seeking to take advantage of market inefficiencies through understanding the economic environment, bottom up stock analysis and flexibility over duration, credit, sector and geographical allocations.

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