Our approach to investment grade credit

Most credit managers rely heavily on benchmarks to guide their investment process, but simply matching benchmark performance leaves growth opportunities on the board. By using tracking error as a yardstick instead of a crutch, it is possible to overcome inherent limitations in building a better portfolio, delivering risk-adjusted returns while minimizing volatility. 

Checkmate your biases in investment grade investing

Many managers strive for the lowest tracking error possible, even choosing to own securities or sectors they don't find attractive. How can investors select managers positioned to achieve strong risk-adjusted returns throughout each stage of a market cycle?

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Tapping a misunderstood alpha source: How portfolio construction can unlock excess returns

In their search for alpha, investors frequently overlook the structural elements of constructing a portfolio. By avoiding unexpected biases and worrying less about tracking error, divergence from the benchmark may create opportunities for unexpected alpha.

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Plotting the next move: Credit investing during a pandemic recovery

2020 had record levels of investment grade bond issuance. In 2021, levels were expected to drop but as we approach mid-year, issuance remains strong. How should investors navigate an abundance of supply?

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Strategies in focus

Aviva Investors US Investment Grade Credit

Seeks to deliver positive and consistent excess returns through all credit market cycles. We focus on rigorous security selection and portfolio construction, with active integration of environmental, social and governance factors and coordinated company engagement.

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Portfolio construction

Our proprietary risk allocation process uses custom sectors and targets volatility to match that of the benchmark. This allows a more flexible approach to allocate risk to our best idiosyncratic ideas while generating alpha from multiple sources.

Connected thinking

Our portfolios benefit from the cross-pollination of ideas from our global investment professionals across all asset classes, within an integrated research framework across equities and credit with strong in-house ESG expertise.


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Avoiding blind spots to build better investment grade portfolios

60 minutes

Mitigating blind spots can help to minimize their devastating effect on a fixed income portfolio’s return. Join portfolio manager Josh Lohmeier on 30 September at 10am CST as he provides an alternative approach to standard portfolio construction processes.

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Key risks

Investment risk

The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.

Credit risk

Bond values are affected by changes in interest rates and the bond issuer's creditworthiness. Bonds that offer the potential for a higher income typically have a greater risk of default.

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Who we are

Find out more about what we do, our business and how we can help investors like you.

About us

Need more information?

For further information, please contact our investment sales team.

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