We invest predominately in investment grade corporate bonds issued by US companies. The US investment grade corporate bond market is the largest and most liquid credit market globally. Our strategy is diversified across a range of investment grade debt securities from a variety of sectors and geographies.
Our investment approach is based on the principle that returns from corporate bond markets are driven by a combination of macroeconomic, asset class, sector, geographic and stock-level factors. As different factors dominate returns at different stages of the economic cycle, we apply a flexible investment approach, changing the blend of duration and credit exposure in the strategy to weight them appropriately.
Individual credit selection is carried out with the assistance of an in-house team of credit analysts to complement the fund manager’s views.