With a bias towards higher-quality issues than the US market, the European high yield universe offers a slightly different risk-reward profile to its longer-established American counterpart. However, we run our European High Yield Strategy according to essentially the same tried-and-tested approach as our US strategy.
Launched in 2000, our European High Yield Strategy creates diversified portfolios, allocating primarily to BB- and B-rated bonds, along with access to high-potential BBB and CCC issues. It mainly invests in bonds issued by European companies and denominated in the euro, Swiss franc or sterling.
With a focus on minimizing volatility as well as maximizing returns, in our view, the strategy has achieved attractive risk-adjusted returns since its launch.
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.