Investing in credit is simple in theory, but complex in practice. Regionally and benchmark agnostic,
our globally integrated team operates on a seamless, integrated and cohesive basis allowing for unbiased decision-making across a broad, diversified universe:
A truly dynamic and global approach applying a disciplined investment process
*Performance target, which is over a full credit cycle, and the expected volatility may not necessarily be achieved, losses may be made.
The value of investments, and any income generated from them, can fall as well as rise.
Past performance is not a reliable indicator of future results. If any currency differs from the investor's home currency, returns may increase or decrease as a result of currency fluctuations.
Investment objectives and performance targets which is through the credit cycle, and the expected volatility may not necessarily be achieved, losses may be made. Subject to change.
Default: There is a risk that the issuers of fixed income investments (e.g. bonds) may not be able to meet interest payments nor repay the money they have borrowed. The worse the credit quality of the issuer, the greater the risk of default and therefore investment loss. Derivatives: The use of derivatives may increase overall risk by magnifying the effect of both gains and losses leading to large changes in value and potentially large financial loss. A counterparty to a derivative transaction may fail to meet its obligations which may also lead to a financial loss. Interest rate: The value of fixed income investments (e.g. bonds) tends to decrease when interest rates rise. Liquidity: There may be insufficient buyers or sellers of particular investments giving rise to delays in trading and being able to make settlements, and/or large fluctuations in value. This may lead to larger financial losses than might be anticipated.
All information is as at 31.3.19 unless otherwise stated.
^Based on Luxembourg domiciled sister fund.
1Best Ideas’ represents our highest conviction ideas following an analysis of fundamentals, valuation and market price behaviour.