Experts in managing credit 

Our credit analyst research team is one of the largest and most experienced in Europe. We utilise strong fundamental research capabilities through a diverse, large and well-resourced team. Allowing us to find value across the credit market spectrum by delivering a consistent investment style, philosophy and process.

Consistent investment philosophy across credit asset classes

Highly experienced, stable and diverse portfolio management team

One of the largest most experienced credit research teams in Europe

0 +

FM team*

0 +

Credit analysts


€ Billion AUM

Source as at 30 June 2023

*FM team denotes ‘Fund Management (FM)’ team consisting of fund managers and investment specialists 

We believe in a bottom-up investment approach

Many fund managers favour a top-down investment approach, but we believe this can introduce volatility and inconsistency, being both highly directional and often becoming crowded (popular) trades.

Adding value through relative and fundamental opportunities

Our market-facing portfolio managers have both our analysts’ proprietary ratings and those of the leading credit rating agencies at their fingertips.

Our approach works through the cycle

It is not dependant on market liquidity and at certain points can be especially effective, particularly where the market experiences episodes of volatility, illiquidity, fear, panic or turmoil.

Building highly diversified portfolios is key

This helps ensure that no unexpected credit event is large enough to influence our overall approach to taking risk.

Our credit solution capabilities

The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.

Learn more about our fixed income capabilities

Find out more 

This is a marketing communication. Please refer to the prospectus and to the KID before making any final investment decisions.

Please find the risks associated with these funds below:

Market risk: The value of investments and the income from them will rise and fall. This will cause the Sub-Fund price, as well as any income paid by the Sub-Fund, to fall as well as rise. There is no guarantee the Sub-Fund will achieve its objective, and you may not get back the amount you originally invested.

Credit Risk: The value of the Sub-Fund may fall if the issuer of a fixed income security held is unable to pay income payments or repay its debt (known as a default).

Interest Rate Risk: When interest rates rise, the value of the Sub-Fund is likely to fall.

Derivatives Risk: The Sub-Fund may use derivatives to gain exposure to investments and this may cause greater changes in the Sub-Fund's price and increase the risk of loss.

Counterparty Risk: Some transactions the Sub-Fund makes, such as placing cash on deposit, require the use of other financial institutions. If one of these institutions defaults on their obligations or becomes insolvent, the Sub-Fund may incur a loss.

Asset-Backed Securities Risk: The assets backing mortgage and asset-backed securities may be repaid earlier than required, resulting in a lower return.

Contingent Convertible Debt Securities Risk: Investing in contingent convertible debt securities may adversely impact the Sub-Fund should specific trigger events occur and the Sub-Fund may be at increased risk of capital loss.

Currency & Exchange Rate Risk: Movements in currency exchange rates can adversely affect the return of your investment.

ESG Data Risk: ESG information from third-party data providers may be incomplete, inaccurate or unavailable. There is a risk that the investment manager may incorrectly assess a security or issuer, resulting in the incorrect inclusion or exclusion of a security in the portfolio of the Sub-Fund.

Liquidity Risk: In difficult market conditions, the fund may not be able to sell a security for full value or at all. This could affect performance and could cause the fund to temporarily defer or suspend redemptions of its shares.

Below Investment Grade Debt Securities Risk: Such securities generally carry a greater risk of default and sensitivity to adverse economic events than higher rated debt securities.

Please note, investing in this fund means acquiring units or shares in a fund, and not in a given underlying asset such as building or shares of a company, as these are only the underlying assets owned by the fund.  

Further details of the risks that apply to each fund can be found in the fund's Prospectus.