Allianz Global Diversified Credit
The Allianz Global Diversified Credit strategy seeks best of breed companies, with an average crossover rating spectrum that historically has shown the best risk/return metrics and aims to benefit from carry and roll down in the short end while dampening volatility. The investment team targets what they believe is the sweet spot between credit risk and interest rate risk (duration) – between 2-4 years. The strategy is unconstrained by benchmark, region, country, sector and rating. We focus on credit risk and hedge our currency exposure.
Asset allocation is divided between four major segments of credit:
- Investment grade credit
- High yield credit
- Emerging market corporates, and
- Securitised credit.
Market opportunities
Desynchronised cycles and wide dispersion create opportunities for active allocation. By carefully analysing the dynamic environment, our investment experts look to find the best placed exposures. We have the ability to alter the fund’s duration and credit profile to suit the ever changing fundamental and technical environment.
Responsible Investing
In addition, we apply our Allianz Global Investors’ socially responsible investing (SRI) sustainability approach, selecting issuers that have a certain minimum sustainability score based on our proprietary SRI methodology. It applies our set of minimum exclusions and enables us to exclude companies with the worst practices in each sector. This approach promotes environmental and social characteristics by including environmental and social factors in its investment decisions.
Investment Team
Allianz Global Diversified Credit is managed by three key portfolio managers, with over 30 years of industry experience each. David Newman oversees the team as lead portfolio manager. They are supported by a broader team of fixed income investment professionals including a global Credit Research platform of more than 20 credit analysts.
More information
|
Reasons to invest |
|
Fund prices |
Investing involves risk. The value of an investment and the income from it may fall as well as rise and investors might not get back the full amount invested.
Investing in fixed income instruments may expose investors to various risks, including but not limited to creditworthiness, interest rate, liquidity and restricted flexibility risks. Changes to the economic environment and market conditions may affect these risks, resulting in an adverse effect to the value of the investment. During periods of rising nominal interest rates, the values of fixed income instruments (including short positions with respect to fixed income instruments) are generally expected to decline. Conversely, during periods of declining interest rates, the values of these instruments are generally expected to rise. Liquidity risk may possibly delay or prevent account withdrawals or redemptions.
Past performance is not a reliable indicator of future results. If the currency in which the past performance is displayed differs from the currency of the country in which the investor resides, then the investor should be aware that due to the exchange rate fluctuations the performance shown may be higher or lower if converted into the investor’s local currency.
The views and opinions expressed herein, which are subject to change without notice, are those of the issuer companies at the time of publication. The data used is derived from various sources, and assumed to be correct and reliable, but it has not been independently verified; its accuracy or completeness is not guaranteed and no liability is assumed for any direct or consequential losses arising from its use, unless caused by gross negligence or wilful misconduct. The conditions of any underlying offer or contract that may have been, or will be, made or concluded, shall prevail.
This is a marketing communication issued by Allianz Global Investors GmbH, www.allianzgi.com, an investment company with limited liability, incorporated in Germany, with its registered office at Bockenheimer Landstrasse 42-44, 60323 Frankfurt/M, registered with the local court Frankfurt/M under HRB 9340, authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (www.bafin.de). The duplication, publication, or transmission of the contents, irrespective of the form, is not permitted.