This quarterly review provides market insights and outlook for the Global Credit Income strategy. Learn more. This quarterly review provides market insights and outlook for the Global Credit Income strategy. Learn more.

Key Highlights 

  • The positive return was driven by a tightening in credit spreads (driving prices up) early in the quarter as the easing of global monetary policy drove markets.
  • In the current low growth, low rate environment demand for higher yielding securities, including investment grade and high yield bonds, has increased.
  • We believe that returns often overcompensate for credit risk, and that diversification across a large pool of lowly correlated assets will generate positive ‘value-for-risk’ outcomes for our portfolios.
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