The Case for Global Multi-Credit Investing
Overview
As investors search for attractive risk-adjusted returns in challenging markets, they increasingly view sub-investment grade credit as an important component of a globally diversified fixed income portfolio.
Credit markets have evolved since the global financial crisis and now provide a broad opportunities for investors across a number of sectors and regions.These changes require investors to take a more global, flexible and dynamic approach to credit investing.
Sub-investment grade credit including high yield bonds, secured bank loans, structured credit and distressed debt in the US and Europe offer attractive value opportunities for managers who possess a deep understanding of the macroeconomic and technical factors that favor different markets at different times.
This article co-written by credit specialists discusses the heightened value of hiring global managers who have a good grasp of this intricate market and possess successful track records in both the US and Europe.