Wir glauben, dass der Crossover-Teil des Kreditmarktes (BBB zu BB bewerteten Emittenten), das Potenzial für eine signifikante Renditesteigerung bei moderatem Risikoniveau bietet. Das könnte besonders attraktiv für Anleger sein, die im Niedrigzinsumfeld nach Rendite suchen. Angesichts der historisch niedrigen Renditen von Staatsanleihen sollten Anleger die Kreditmärkte ins Auge fassen, um ihre Renditeziele zu erreichen, anstatt sich mit riskanten, längeren Laufzeiten zu befassen. Wir sind der Meinung, dass Anleger im aktuellen Umfeld das Kreditspektrum nach unten verschieben und das Crossover-Segment mit BBB und BB bewerten sollten. Das Crossover-Universum bietet das Potenzial, die Rendite im Vergleich zu Investmentgrade-Anleihen deutlich zu steigern und gleichzeitig das übermäßige Kreditrisiko des High Yield-Universums zu vermeiden. Da das Kreditrisiko im Vordergrund steht, ist die Umsetzung entscheidend. Wir glauben, dass Market-Cap-Benchmarks schlecht gerüstet sind, um aktuelle Herausforderungen zu erkennen, da sie dazu neigen, Risiken durch die Belohnung von Leverage zu konzentrieren.Wir empfehlen, die Qualität in den Mittelpunkt des Portfoliokonstruktionsprozesses zu stellen, um das Kreditausfallrisiko zu minimieren und eine geringere Fluktuation zu ermöglichen - wie wir es bei unserem Fundamental Fixed Income Ansatz tun.

Erfahren Sie mehr:  LO Funds - Global BBB-BB Fundamental

Erfahren Sie mehr:  LO Funds - Euro BBB-BB Fundamental

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