The Amundi US Securitized Credit Opportunities Strategy¹ is an alternative credit strategy that seeks high yield and to outperform the US high yield corporate credit market over a full market cycle. Both high yield (non-benchmarked) and investment grade (benchmarked) versions of the Strategy are available.

¹Effective September 30, 2022, the Amundi Pioneer Securitized Credit Opportunities Strategy was renamed to Amundi US Securitized Credit Opportunities Strategy.

 

The Strategy is currently focused on capitalizing on inefficiencies within US housing and housing finance, though the opportunity set consists of all securitized credit sectors. It is suitable for investors seeking to outperform the high yield market, but with uncorrelated returns, and with an intermediate to longer-term investment horizon.

Noah Funderburk, CFA

Senior Vice President, Director of Securitized Credit
Portfolio Manager

Biography

Nicolas Pauwels, CFA

Vice President
Portfolio Manager

Biography

Overview

• High-yielding alternative credit strategy

• A complement to, or substitute for, US high yield

• Managed with minimal interest rate risk

• Currently focused on capitalizing on inefficiencies within US housing and housing finance, though the opportunity set consists of all securitized credit sectors

Why Amundi US?

A strong fixed income investment culture focused on sound, fundamental research drives the management of the Amundi US Securitized Credit Opportunities Strategy. Key features of the Strategy include:　

• Attractive yields and diversification² versus US high yield
• Managed with minimal interest rate risk 
• Focused on security selection and sector rotation as more reliable sources of alpha than taking tactical views on interest rates
• An agile investment manager who can respond quickly to changes in market conditions with tight integration between the research, trading, and portfolio management functions.

   

²Diversification does not guarantee a profit or protect against a loss.