Global Opportunistic Fixed Income
Team Introduction
Strategy Introduction
Key Stats
Strategy Profile
4Q 2022Inception Date
January 1, 1998
Strategy AUM ($M)
$11,693.6
Avg. Quality1
A+
Current Yield (%)
5.07
Strategy Overview
The Global Opportunistic Fixed Income strategy seeks global bond investments offering the best combination, in our view, of high real yield and attractive fundamentals given our macroeconomic outlook. This value-based strategy maintains a primary focus on sovereign debt with a goal of unlocking the potential performance benefits of mean-reversion tendencies in interest rates and currency valuations. To avoid the inefficiencies of global bond benchmarks, the team takes a benchmark-agnostic approach and limits investment to only the 10-20 countries and currencies we consider attractive investments. For over two decades, the Global Fixed Income team has achieved its risk-adjusted returns by implementing a process of country rotation through the broad global fixed income universe. The strategy allows the investment team wide latitude and flexibility to opportunistically own non-investment-grade credit and sovereign debt.