Our ability to allocate among the broad credit fixed income markets globally has been a pivotal component of achieving what we believe to be attractive risk-adjusted returns in our absolute return credit portfolios. We believe that this success stems from balancing our strategic long-term view whilst maintaining tactical flexibility underpinned by our rigorous fundamental credit research process.
In addition to the attractive income flows from higher-yielding bonds, the corporate debt market offers investment opportunities arising from bond price idiosyncrasies. Bond mis-pricing can be due to market distortions or inefficiencies, or to a lack of sophisticated credit modelling and analytical capabilities on the part of investors. Our research process seeks to identify mis-priced bonds for further analysis.
Each absolute return strategy is available to investors either through pooled funds or segregated accounts. Segregated accounts can be customized to an investor’s particular risk profile.
Source: Citywire as of August 9, 2018 based on Citywire Discovery data as of June 30, 2018. Muzinich & Co. Inc. nor any of its affiliates, including but not limited to Muzinich & Co. Limited, applied to or were involved in any manner with the above video or ranking nor did they pay a fee to participate in this ranking. CityWire does however, charge managers, like Muzinich, for the use of the video (€800 for six months of video file access and € 950 for 12 months). As of June 30, 2018, there were 18 total manager run funds considered in the analysis of the Risk-Adjusted rank and 27 managers in the Global peer group. CityWire has informed us that the next analysis of the sector will be in approximately 8 to 12 months. This ranking is not indicative of Muzinich & Co., Michael McEachern, or the Muzinich Global Tactical Credit Fund’s future performance. Future returns are not guaranteed and a loss of principal may occur. The Muzinich Global Tactical Credit Fund is a UCITS fund based in the European Economic Area. Units have not and will not be registered in the United States under any applicable legislation. Units are not available for offer or sale in any state in the United States, or to persons (including companies, partnerships, trusts or other entities) who are “US Persons” (as defined in Rule 902 of Regulation S under the Securities Act), nor may Units be owned or otherwise held by such persons. Please visit http://citywireselector.com/news/long-on-bonds-who-to-watch-in-usd-absolute-return-bonds/a1145065 for more information. Descriptions of, or references or access to other publications do not imply endorsement of those publications. The ranking mentioned above may not represent investor experience with Muzinich & Co. or Muzinich funds or services, nor does it constitute a recommendation of Muzinich & Co. or its services. Nothing contained herein should be construed as an offer to buy, sell or transact in any investment and is not intended to constitute investment, legal, tax, accounting or other advice.
Nothing contained herein is intended to constitute investment, legal, tax, accounting or other advice. Past performance is not an indication of future performance. Diversification does not assure a profit or protect against loss. Investment process and objectives are subject to change.