Global Investment Grade Allocation
Capturing improving credit quality across dynamic high growth markets.
Reflecting the maturation of emerging markets, sovereign and corporate debt in many developing countries are now deemed investment grade. We believe this strategy presents investors with the opportunity for greater portfolio diversity without increasing credit risk.
Having been actively engaged in emerging markets debt since 1990, we believe we are uniquely positioned to capitalize on this secular improvement in credit quality.
We apply our consistent and collaborative investment process to uncover opportunities to tactically allocate between traditional investment grade credit and the investment grade issuance of emerging markets.
- Quantitative tools to create a strategic asset allocation framework
- Qualitative judgments then determine tactical sector weightings
- Risk is managed through a focus on relative return volatility and shortfall risk
- Credit is closely monitored and a strong sell discipline is utilized
Within each portfolio, sector specialists individually manage allocations that may include hard and local currency sovereign debt, corporate securities and mortgage securities.
We believe we have the experience to add global breadth to investment grade portfolios.
Strategy Highlights
Combining top-down and bottom-up analyses as we seek to uncover opportunities in the investment grade fixed income markets globally, we leverage our sector expertise to actively allocate among portfolios of developed and emerging markets debt.
Primary Investments:
Investment grade securities (with minimum ratings of: Baa3/BBB) including:- Governments, fixed and adjustable rate mortgages, investment grade corporate bonds and asset backed securities
- Emerging markets sovereign debt
- denominated in hard and local currency
- Emerging markets corporate debt
- denominated in hard and local currency
