The Euro Credit strategy seeks to generate consistent excess returns versus the benchmark utilizing a conservative alpha investment process which combines a top-down market view with bottom-up corporate fundamental analysis
Benchmark
Markit iBoxx Euro Corporates Overall Total Return Index
Strategy Highlights
- Combines a top-down market view with bottom-up corporate fundamental analysis
- Actively managed strategy that invests primarily in investment grade, euro-denominated corporate bonds
- Strong beta-driven risk orientation
- Diversified strategy with uncorrelated positions
Portfolio Construction
- Investment Grade Corporates 90-100%
- BB Corporates 0-10%
Beta Ranges vs Benchmark
- Overall portfolio (-30% | +30%)
- Sector level (-5% | +5%)
- Issuer level (-3% | +3%)
Duration is managed with a narrow range to the benchmark
GIPS DISCLOSURE HERE