The portfolio manager constructs each portfolio in accordance with its investment objectives, guidelines and risk tolerances.
- Primary focus: Strives to deliver absolute risk and return, rather than benchmark-relative risk
- Volatility: Seeks overall volatility that is less than the benchmark and competitors
- Customized portfolios: Creates portfolios and services to match each client's needs, including socially responsible investing and liquidity requirements
PLEASE NOTE: The Internal Guidelines referenced do not necessarily represent prospectus / statutory limitations.These internal guidelines are used as guidance in the daily management of the Portfolio's investments.These guidelines are subject to change and should not be relied upon as a long term view of the Portfolio's exposures, limitations, and / or risks.
Why Amundi US?
The Strategy is managed within a strong fixed income investment culture focused on sound, fundamental research.Key features of the Amundi US Bank Loan Strategy include:
- Value approach: Assesses relative value across a broad range of fixed income sectors, seeking strong total returns by investing in mispriced sectors and securities
- Higher quality and lower volatility: Employs higher credit quality of underlying assets as a key differentiator and achieves volatility, as measured by standard deviation, historically at approximately 1% lower over three years
- History of outperformance in down markets 1 : Outperformed both the market and its peer group median in every down market since its inception
- Nimble and efficient: Provides the flexibility to make selective credit bets and ability to reject benchmark deals that may not correspond with investment objectives
- Downside risk focus: Seeks to invest in asset-rich companies, to limit downside risk, while ideal size enhances the ability to efficiently exit troubled credits
- Experienced and accessible portfolio manager: Boasts over 20 years of investment experience and has overseen the Strategy since inception
1 A down market is defined as when the stock market is falling or at its lowest level.