Global Credit
Unlocking the potential of corporate debt
Latest Analysis

October 2020 / MARKET OUTLOOK

COVID-19 Has Transformed the US High Yield...

COVID-19 Has Transformed the US High Yield Opportunity Set

COVID-19 Has Transformed the US High Yield...

Downgrades and defaults have had a major impact on the asset class

By Kevin Loome & Gregor Dannacher

By Kevin Loome & Gregor Dannacher

September 2020 / INVESTMENT INSIGHTS

European Investment Grade: Can the Rally...

European Investment Grade: Can the Rally Last?

European Investment Grade: Can the Rally...

Technical support for the region’s bonds may diminish soon

By David Stanley

David Stanley Portfolio Manager

August 2020 / INVESTMENT INSIGHTS

Global High Yield Bonds Continue to Offer...

Global High Yield Bonds Continue to Offer Value

Global High Yield Bonds Continue to Offer...

Opportunities remain despite recent spread tightening

By Michael Della Vedova

Michael Della Vedova Portfolio Manager

July 2020 / Investment Insights

Emerging Markets Corporate Bonds: The Active...

Emerging Markets Corporate Bonds: The Active Opportunity

Emerging Markets Corporate Bonds: The Active Opportunity

Emerging Markets Corporate Bonds: The Active Opportunity

By Samy Muaddi

Samy Muaddi Portfolio Manager

July 2020 / VIDEO

Four Reasons Credit is Attractive Now

Four Reasons Credit is Attractive Now

Four Reasons Credit is Attractive Now

We see four reasons why the credit sector appears attractive in this environment.

By Sebastien Page

Sebastien Page Head of Global Multi-Asset

June 2020 / INVESTMENT INSIGHTS

Making Sense of Coronavirus for Asia Credit...

Making Sense of Coronavirus for Asia Credit Investing

Making Sense of Coronavirus for Asia Credit...

Asia credit has proved resilient amid the coronavirus pandemic

By Sheldon Chan

Sheldon Chan Porfolio Manager

June 2020 / INVESTMENT INSIGHTS

ESG Deepens Insights in European High Yield

ESG Deepens Insights in European High Yield

ESG Deepens Insights in European High Yield

How integrating ESG adds a valuable dimension to our investment process

By Michael Della Vedova

Michael Della Vedova Portfolio Manager

June 2020 / INVESTMENT INSIGHTS

Fed Buying Corporates Is No Panacea

Fed Buying Corporates Is No Panacea

Fed Buying Corporates Is No Panacea

But global investment-grade corporate segments offer value

By Steven Boothe

Steven Boothe Portfolio Manager

May 2020 / VIDEO

Three Lessons We’ve Learned in Emerging Market...

Three Lessons We’ve Learned in Emerging Markets So Far

Three Lessons We’ve Learned in Emerging Markets So Far

Central bank support and re-entering EM early are essential

By Samy Muaddi

Samy Muaddi Portfolio Manager

April 2020 / INVESTMENT INSIGHTS

High Yield Investing During Volatile Times

High Yield Investing During Volatile Times

High Yield Investing During Volatile Times

Spread levels can signal attractive return potential

By Michael Della Vedova

Michael Della Vedova Portfolio Manager

April 2020 / INVESTMENT INSIGHTS

A Multi-Asset Perspective on High Yield

A Multi-Asset Perspective on High Yield

A Multi-Asset Perspective on High Yield

There are potential opportunities when spreads are wide or tight

By Lowell Yura & Max Yu

By Lowell Yura & Max Yu

Fund Focus

September 2020 / VIDEO

US High Yield Bond: What makes us different?

US High Yield Bond: What makes us different?

US High Yield Bond: What makes us different?

Some key competitive differentiators

By Kevin Loome

Kevin Loome Portfolio Manager

September 2020 / INVESTMENT INSIGHTS

US High Yield Bond – Introduction

US High Yield Bond – Introduction

US High Yield Bond – Introduction

A flexible approach that seeks to be a ‘fund for all seasons’

By Kevin Loome

Kevin Loome Portfolio Manager

August 2020 / VIDEO

Global High Income Bond: How we work

Global High Income Bond: How we work

Global High Income Bond: How we work

We believe that high yield is as relevant to asset allocators’ decision making now...

By Michael Della Vedova

Michael Della Vedova Portfolio Manager

August 2020 / VIDEO

Introducing the Global High Income Bond Strate...

Introducing the Global High Income Bond Strategy

Introducing the Global High Income Bond Strategy

We believe that high yield is as relevant to asset allocators’ decision making now...

By Michael Della Vedova

Michael Della Vedova Portfolio Manager

RELATED FUND
SICAV
Class Qdn USD
ISIN LU1244140320
A concentrated, high-income portfolio of primarily global high yield corporate bond opportunities. We apply an active management approach to global high yield to capitalise on market inefficiencies, sector positioning and idiosyncratic events while seeking enhanced return potential. View More...
3YR Return
(Annualised)
1.12%
Fund Size
(USD)
$857.1m
Avg Coupon
6.31%
Avg Maturity
6.33 yrs
Avg Duration
3.86 yrs

November 2019 / video

EM Corporate Bond: how we invest

EM Corporate Bond: how we invest

EM Corporate Bond: how we invest

By Samy Muaddi

Samy Muaddi Portfolio Manager

RELATED FUND
SICAV
Class I USD
ISIN LU0596126465
A diversified portfolio of typically 100 to 150 securities in mainly corporate bonds from emerging market issuers. We would expect the bulk of value added to come from security selection, with the rest from sector selection. We employ a long-term investment horizon, combined with low portfolio turnover. View More...
3YR Return
(Annualised)
4.37%
Fund Size
(USD)
$256.8m
Avg Coupon
5.39%
Avg Maturity
7.81 yrs
Avg Duration
5.66 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU1697877279
A high-conviction portfolio, primarily focused on the traditional US high yield investment opportunity set. Our approach is more concentrated than those of many competitors. The fund seeks to capitalise on price inefficiencies that create attractive relative value opportunities across issuers. View More...
3YR Return
(Annualised)
N/A
Fund Size
(USD)
$171.4m
Avg Coupon
6.90%
Avg Maturity
5.64 yrs
Avg Duration
3.40 yrs