Consistent performance through all credit cycles Aviva Investors U.S. Investment Grade Fixed Income
Our unique portfolio construction process draws from the firm’s broad research resources to integrate investment ideas generated through in-depth research.
Bond issues are assessed in light of unique, internally-developed categories to efficiently allocate risk, rather than relying on traditional benchmark classifications for sector or industry weightings. In this way, the strategy seeks to break down credit markets in a distinct manner, seeking to add value through discovery of additional sources of alpha and risk reduction.
The strategy emphasizes downside protection, and applies overall volatility, tracking error and individual issuer limits.
Portfolio construction as an alpha source
We break down and analyze credit markets in unique ways in order to uncover additional opportunities for alpha and risk reduction for clients.
A better understanding of the benchmark
Our custom framework categorizes bonds by risk characteristics, rather than by traditional classifications of sector or industry. That gives us a head start in identifying bonds with the best risk/return opportunities.
A wide-angle view of risk
Our scenario modeling and risk allocation system analyses our best ideas across a wide spectrum of market environments to help us deliver excess returns regardless of the direction of credit spreads, with focus on downside protection.
The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested.
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.
Certain assets held in the strategy could, by nature, be hard to value or to sell at a desired time or at a price considered to be fair (especially in large quantities), and as a result their prices could be very volatile.
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