Patrick Vogel, lead manager on Schroder ISF EURO Credit Conviction and Head of European Credit, added:"As the eurozone economies move into a stabilisation phase, providing a more supportive environment for credit, we are seeing a sweet-spot for European credit with opportunities across the investment space, particularly in higher yielding investment grade bonds
The Waverton Global Bond Fund, which invests in Government bonds and investment grade bonds
from around the world, aims to outperform both the global bond peer group and cash over any three year period.
com/, and find out how to assess the investment potential of both investment grade bonds
, and "junk" bonds.
The company also has a highly concentrated operational focus in the interest sensitive individual annuity market and high exposure to higher risk securities, including less than investment grade bonds
and relatively illiquid private placements and limited partnerships.
By buying primarily the top three classes of investment grade bonds
(AAA, AA, A ratings) Johns has helped protect his fund from this year's rising interest rates.
The Fund's investment objective is to provide current income and capital appreciation by investing primarily in a diversified portfolio of investment grade bonds
The current investment policy does not permit the purchase of non-investment grade bonds
, and as a result, the company has significantly reduced below investment grade bond
exposure from $87 million at the yearend 1990 to $32 million at Sept.
The $10 billion portfolio consists of 100 investment grade bonds
(97 corporate bonds and 3 sovereigns).
Additionally, while SFG strives to maintain a conservative investment portfolio, it is exposed to a somewhat high level of below investment grade bonds
relative to statutory adjusted capital and surplus.
The conservative management strategy at ORT mirrors that of ORI and includes modest use of financial leverage, an investment portfolio with a strong allocation of investment grade bonds
, and strong capitalization.
The increased liquidity percentage contrasted with bonds, Dorchester said, with the percentage of investors' assets invested in investment grade bonds
The Bank also received number one international rankings in structured finance issues, high yield bonds, investment grade bonds
(excluding medium term takedowns), and emerging market issues.