The European Corporate Fixed Income Strategy is a single sector product that invests primarily in investment grade corporate bonds of European country issuers. The Strategy is managed to outperform the iBoxx Euro Corporate Index (USD Hedged), over a full market cycle. 1,2
We construct and manage portfolios in the European Corporate Fixed Income Strategy based on the philosophy that bottom-up industry and issue research and security selection, including relative value trading, generate high information ratios and, when executed successfully, can provide sustainable excess return over a European corporate market benchmark.
We employ a disciplined, three-step investment process to manage European Corporate Portfolios: