Services

A unique global credit portfolio with explicit, but opportunistic, inclusion of the very attractive BB crossover segment

Investment objective: positive returns (over 3 years rolling) with minimal decreases

Conservative risk profile:
Low interest rate risk (portfolio duration approximately 3 years +/- 2)
Low credit risk (average credit quality at least investment grade)

A global universe with permanently hedged currency risk

Security selection and portfolio construction do not depend on the reference index

A simple structure with mainly direct bond investments

Strict and uncompromising diversification

“Credit Opportunities” is a superior fixed income strategy that effectively addresses some of the challenges the fixed income industry is currently facing.

Thanks to this strategy, it is possible to build stable and broadly diversified defensive portfolios offering higher returns and better risk-adjusted returns over the long term.

It goes beyond the traditional, rigid and not very useful limits of a typical fixed income allocation in terms of currency (given the global hedging) and credit quality (given the opportunistic inclusion of the crossover segment), without substantially increasing the risk.

In doing so, it meets the requirements of both institutional and private investors for this asset class, without taking any additional, or even unconscious, risks in the search for yield.