Sweden
Application and Potential Benefits
Global Opportunistic Credit may be worth considering for investors who are looking to:
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.
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.
Global Bank Loans1
Global High Yield Bonds2
CLO Debt Tranches3
Stressed Debt4
As of 31 December 2022. 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.
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.
The strategy leverages idiosyncratic risks from the credit cycle and shifts between core and tactical allocations to seek the most attractive risk-adjusted returns.
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.
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.
Global Opportunistic Credit may be worth considering for investors who are looking to:
The strategy seeks to capitalize on market inefficiencies by leveraging idiosyncratic risks from the credit cycle.
Our stable and experienced leveraged finance team has invested across geographies and capital structures, in a range of market cycles.
The targeted portfolio represents our best ideas across the global credit spectrum.
