Global Opportunistic Fixed Income
January 1, 1998
Strategy AUM ($M)
Current Yield (%)
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.