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Global Value and Income Dispatch

Stranger things - what's happening in the investment grade corporate debt market?

  • Lale Topcuoglu
26 Mar 2020
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View PDF   Download PDF  
  • The investment grade corporate bond market has become one of the casualties of investors’ search for liquidity; it therefore deserves a second look.
     
  • The pressure we have seen in the commercial paper market, along with large redemptions from short-dated corporate bond funds, have created two interesting areas of opportunity, in our view. 
     
  • We believe a barbell strategy of investing in a basket of short-dated (1- to 3-year maturities) and long-dated (20- to 30-year maturities) bonds from companies with higher credit ratings and strong balance sheets is an attractive one.

Disclaimer

Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. The Fund’s investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

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