image image

    Credit portfolio trading extracting value from high yield

    Credit portfolio trading extracting value from high yield

    16 July 2024 Fixed income

    In less liquid bond markets like high yield, a lack of liquidity and the analytical burden associated with researching esoteric bonds can lead to persistent underperformance against a broad high yield index. We believe that a systematic approach, that treats credit portfolio trading as an alpha source, can offer a solution. Credit portfolio trading has been a core aspect of our systematic approach to high yield since 2012.

    Summary:

    • Liquidity and analytical burdens plague high yield strategies
    • Credit portfolio trading seeks to address illiquidity
    • A systematic approach may help high yield investors
    image
    Download the whitepaper
    676 kb
    Back to top