Banner Curve

We believe income will continue to play an outsized role in investors’ returns this year, but a key question is how to intelligently de-risk portfolios without sacrificing yield. With volatility set to persist, we expect these dynamics could create opportunities in Global Opportunistic Credit, which seeks to capitalize on individual credits and issuers adjusting to evolving business conditions through multi-asset credit exposure.

Banner Curve


PineBridge Global Opportunistic Credit (GOC) is a “best ideas” global multi-asset credit strategy. It seeks attractive risk-adjusted returns from the idiosyncratic risks of individual credits and issuers. To do this, it invests opportunistically across the spectrum of sub-investment-grade credit through an active, long-only, credit-focused approach.

Investment Universe and Approximate Size (USD)

US$1.4 tn

Global Bank Loans1

US$2.2 tn

Global High Yield Bonds2

US$1.0 tn

CLO Debt Tranches3

US$300 bn

Stressed Debt4

Banner Curve

As of 30 June 2023. For illustrative purposes only. Any views represent the opinion of the investment manager and are subject to change. 1Source: S&P/LSTA Leveraged Loan Index. 2Source: BofA Merrill Lynch Global Research, BofA Merrill Lynch Bond Indices (US High Yield, European High Yield and Emerging Market High Yield). 3Source: BofA Global Research, Intex. 4Source: PineBridge Investments calculations based on a subset of the loan and high yield market. Stressed Debt represent an asset characteristic that spans asset classes.

Banner Curve


We believe global fixed income markets are constantly evolving, creating inefficiencies that cause prices to dislocate from their fair value. We seek to capitalize on these inefficiencies by investing in a countercyclical manner over a credit cycle through a disciplined, research-driven investment approach. Central to our approach is bottom-up credit analysis and security selection, which we use to uncover securities that we believe are priced inefficiently.

Banner Curve

Opportunistic Positioning to Adapt to Evolving Markets

The strategy leverages idiosyncratic risks from the credit cycle and shifts between core and tactical allocations to seek the most attractive risk-adjusted returns.

Global Opportunistic Credit Investment Philosophy

Source: PineBridge Investments. For illustrative purposes only. We are not soliciting or recommending any action based on this material. Any views represent the opinion of the investment manager and are subject to change.

Banner Curve


PineBridge’s broad global credit platform allows us to focus on what we feel are the most attractive risk-adjusted opportunities across regions and asset classes – in all types of markets.

Our investment process focuses on building a portfolio of our best ideas, which are uncovered through a research-driven credit process and by leveraging regular, formalized knowledge sharing between our teams of fixed income experts. We employ a proprietary credit scoring system and augment our security selection skills by leveraging long-standing asset allocation processes both within the team and throughout the firm.

Banner Curve

Application and Potential Benefits

Global Opportunistic Credit may be worth considering for investors who are looking to:

Icon 1
Access Opportunities Often Overlooked

The strategy seeks to capitalize on market inefficiencies by leveraging idiosyncratic risks from the credit cycle.

Icon 2
Draw Upon the Expertise of Credit Specialists With a Consistent Track Record

Our stable and experienced leveraged finance team has invested across geographies and capital structures, in a range of market cycles.

Icon 3
Gain Diversified, Multi-Sector Credit Exposure in One Vehicle

The targeted portfolio represents our best ideas across the global credit spectrum.

Banner Curve

Featured Insights

View More Insights
Banner Curve

Key Investment Professionals