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Global Defensive High Yield

Global Defensive High Yield

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Team Introduction

Global Fixed Income Introduction Video

Key Stats

Strategy Profile
Inception Date
January 1, 2014
Strategy AUM ($M)
$ 11.2
Avg. Quality1
BB-
Avg. Yield To Worst (%)
4.68

Strategy Overview

The Global Defensive High Yield strategy combines top-down macroeconomic, country, and currency perspectives with quantitative screens and bottom-up fundamental analysis to determine where the most attractive opportunities exist in global high yield debt. The strategy focuses on higher-quality high yield investments, typically rated BB/B, providing the potential for attractive returns while attempting to avoid the volatility, liquidity, and default risks associated with low-quality, high-risk alternatives. The team’s comprehensive investment process determines sector allocation and issue selection, as well as seeks to more appropriately add alpha over the long run and minimize downside surprises.