About the Strategy
Amundi US High Yield Strategy seeks to maximize total return by investing at least 65% of its assets in below-investment-grade debt securities and preferred securities. It seeks to invest in industries with the best valuations and growth prospects. The Strategy uses a research-intensive credit and issue selection process by an experienced Fixed Income team.
Benchmark
ICE BofA US High Yield Index
Inception Date
March 1, 1998
Vehicles
Separate Account
Mutual Fund
The Amundi US High Yield Strategy uses a value approach for qualifying capital markets. The Investment Management team evaluates its security potential, including the attractiveness of its market valuation, based on the company's assets and growth prospects, maturity, rating and sector weighting. We consider the rates of economic growth and inflation, the Federal Reserve monetary policy and the relative value of the US dollar. We adjust sector weighting to reflect our outlook on the market for high yield securities rather than a fixed sector allocation.
Overview
- 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 US High Yield Strategy include:
- Value approach: Assesses relative value across a broad range of fixed income sectors and securities
- Stable, experienced team: Boasts over 20 years of industry experience, with a core competency in credit
- 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
Portfolio Management
|
Ken Monaghan Managing Director |
Andrew Feltus, CFA Managing Director |
Matthew Shulkin, CFA Senior Vice President |
More Opportunities in High Yield Strategies
Amundi US Bank Loans Strategy
Amundi Global Corporate High Yield Strategy
This information is exclusively intended for “Professional” investors within the meaning Directive 2014/65/EU of the European Parliament and the Council of 15 Many 2014 on Markets in Financial Instruments (as amended) (MIFID II). It is not intended for the general public or for non-professional individual investors within the meaning of all local regulations, or for “US Persons”, as defined in the Securities and Exchange Commission’s “Regulation S” under the 1933 U.S. Securities Act. This non-contractual information does not under any circumstances constitute an offer to buy, a solicitation to sell, or advice to invest in financial instruments of Amundi or one of its affiliates (“Amundi”). Investing involves risks. The performance of the strategies is not guaranteed. Past performance does not predict future results. Investors may lose all or part of the capital originally invested. There is no guarantee that ESG considerations will enhance a strategy’s performance. The decision of investors to invest in the promoted strategies should take into account all characteristics of objectives of the strategies. All investors should seek professional advice prior to any investment decision, in order to determine the risks associated with the investment and its suitability. Amundi assumes no liability, either direct or indirect, resulting from the use of any of the information contained in this document, and shall not under any circumstances be held liable for any decisions taken on the basis of this information. This information may not be copied, reproduced, modified, translated or distributed, without the prior written approval of Amundi. This information is provided to you based on sources that Amundi considers to be reliable at the date of publication, and it may be modified at any time without prior notice.