In a rapidly shifting global market, skilled active security selection and asset allocation are more important than ever to capitalize on opportunities.
Steven Oh, Global Head of Credit and Fixed Income, Rob Vanden Assem, Head of Developed Markets IG Fixed Income, and Chris Perryman, Co-Head of Global EM Fixed Income discuss the role fixed income plays in portfolios in a new credit cycle and address the risks and opportunities across the credit risk spectrum and geographies.
For further information on the prevailing investment themes or our Credit capabilities please contact us.
At PineBridge, we focus on strategies that generate alpha for clients across a wide range of fixed income markets via our multisector fixed income platform – from high yield bonds to emerging market (EM) debt to developed market investment grade bonds. We apply our collaborative, high-conviction approach to each and every one of these strategies.
How? Through rigorous fundamental analysis of securities, companies, and industries followed by active security selection geared to generate excess returns. We identify and value risk on a consistent basis, using that information to manage performance and risk in our portfolios.
Our collaboration – both across and within asset classes – is the element that we believe sets us apart from our industry peers.
Our consistent framework – focused on fundamentals, valuations, and technicals (FVT) – guides security selection around the globe
We take an integrated approach to ESG, tailored to each segment of fixed income
Collaboration, both across and within asset classes, positions our teams to drive results for client portfolios
Our differentiated approach starts with integrated portfolio management, which emphasizes the constant interaction between investment professionals:
From a top-down perspective, collaboration across our broader multi-asset and global fixed income asset allocation teams expands perspective on macro views.
From a bottom-up perspective, interaction between portfolio managers, analysts, and traders within our research-driven process helps optimize decisions – each functional role brings a unique perspective to credit selection.
For illustrative purposes only. We are not soliciting or recommending any action based on this material.
Our integrated credit platform has centralized teams focused on public and private credit investment opportunities, complementing each team’s capabilities and creating more entry points to markets.
Source: PineBridge Investments as of 30 June 2023.
We assess the nuances of each market sector using our common Fundamentals, Valuations, and Technicals (FVT) framework to evaluate risk and opportunities, with a relative value perspective shaping our security selection.
We focus on balance sheet strength, financial policies, and fundamental industry trends
We assess credit quality at the sector level based on comparisons across market cycles
We consider factors including spreads, trade structure, and the impact of liquidity
Our robust communication infrastructure allows our teams around the globe to regularly engage in meaningful debate, arriving at decisions that are geared toward adding value to our clients’ portfolios.
For illustrative purposes only. We are not soliciting or recommending any action based on this material.
Environmental, Social, and Governance (ESG) considerations are embedded in our investment processes and reflected in our holistic assessment of credit risk and changing industry dynamics. While our investment platform has specialized research capabilities for each asset class segment to assess the nuances of different markets, our ESG approach across strategies is guided by three common pillars:
We believe ESG factors can have a negative or positive impact on investment performance across sectors, issuers, and regions
We place greater value on the direction and momentum of change on ESG issues than on a company’s starting point
We believe active engagement of bondholders can be effective in raising issuers’ awareness of and responsiveness to ESG risks
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