Mirabaud Sustainable Global High Yield Bonds Strategy

Investing across the global high yield universe, with a flexible, unconstrained approach.

We believe that high yield bonds behave differently according to the region in which they are located, and where that region is within its business cycle. Therefore, a global approach gives us the flexibility to move across regional markets with the aim of capturing the best opportunities available.

Mirabaud Sustainable Global High Yield Bonds seeks long-term capital appreciation across multiple business cycles. Using a top-down and bottom-up approach, the strategy actively manages credit risk and duration whilst exploiting relative value opportunities across different global geographies, sectors and credits.

The strategy has the flexibility to invest where we think the returns are available at any point in the cycle, moving dynamically between credit and duration risk.

High yield bonds typically have a low correlation to investment grade so adding them to a broad fixed income portfolio can improve diversification, as well as enhance income. We focus on BB-B and are rarely significantly exposed to the weaker end of the market.

We believe the strategy is relevant for those investors seeking higher yields whilst mitigating downside risk.