PineBridge Investments Launches USD Investment Grade Credit Fund
London 02 November - PineBridge Investments, a leading global multi-asset class investment manager, today announced the launch of the PineBridge USD Investment Grade Credit Fund (the “Fund”). The Fund is managed by the Developed Markets Investment Grade Credit Team, which is led by Robert Vanden Assem, who has overseen the firm’s USD investment grade capabilities since 2001. The Fund’s investment objective is to provide attractive total return and capital preservation by focusing on bottom-up research analysis of the credit universe in which the Fund invests, and selecting underlying credits and sectors in an effective and welldiversified manner.
“We see several factors currently attracting investors to the US dollar investment grade credit market: more frequent periods of high market volatility, negative rates in developed markets and a Fed that is attempting to apply the brakes. Meanwhile, the European Central Bank and the Bank of Japan continue to step on the gas for monetary policy stimulus,” said Fund Manager Robert Vanden Assem. “In this environment, where trillions of dollars of government debt trade at negative yields, the USD investment grade credit market offers attractive yields through investments in high quality assets. We believe this Fund could be a compelling way for investors to help meet their investment objectives.”
PineBridge’s unique investment approach and nimble size enhances the team’s ability to efficiently navigate a more challenging liquidity environment and build meaningful active positions. The strategy, on which the Fund is based, has been a top-quartile performer over three, five and 10 year timeframes and since inception1. PineBridge currently manage over US$7 billion in US Investment Grade Fixed Income2.
The Fund is one of many within the PineBridge Global Funds umbrella, which provides investment solutions within a UCITS compliant investment vehicle, authorized and regulated by the Central Bank of Ireland. The Fund will be registered across Europe and will be available to institutional investors as well as via private banks and third party distributors.
1. Data as of 30 June 2016. Source: eVestment Alliance. The peer group is the eVestment US Corporate Fixed Income Universe. The peer group had 95 members in the 1-year period, 92 members in the 3-year period, 87 in the 5-year period, 61 in the 10-year period and 31 in the since inception period. Reflects the gross performance of the PineBridge USD Investment Grade Credit Composite. The inception date of the Composite is 1 January 2001. The benchmark for the Composite is the Barclays Capital US Credit Bond Index. Performance for periods of less than a year is not annualized.
2. Data as of 30 September 2016.
About PineBridge Investments
PineBridge Investments is a global asset manager with experience in emerging and developed markets, and investment capabilities in multi-asset, fixed income, equities and alternatives. Our firm is differentiated by the integration of on-the-ground investment teams of more than 210 professionals, providing investors with the combined benefits of global fundamental perspectives and analytical insights. We manage US$82.7 billion as of 31 December 2016 for a global client base that includes institutions, insurance companies, and intermediaries.