The Case for US High Yield
AXA IM offers a range of US high yield strategies investing across credit ratings and maturities
Why now for US high yield
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Potential attractive entry point |
| Yields have risen, thereby increasing carry and return potential |
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Quality of high yield market |
| Market is healthy, entering a potential slowdown in a position of fundamental strength |
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Markets at an inflexion point |
| With cash rates potentially set to decline, high yield may offer investors unique risk/return opportunities within a balanced portfolio |
US high yield outlook 2025
Fundamentals to remain resilient, reflecting multi-year shift towards higher quality high yield bond market
Read the full outlook
3 mins watch: Debunking myths around US high yield bonds
Video Series
What’s been happening in the US high yield market?
- by
- 05 November 2024 (3 min read)
What is the outlook for US high yield?
- by
- 05 November 2024 (3 min read)
Where are we seeing opportunities in this environment?
- by
- 05 November 2024 (3 min read)
Investment Process
All of our US strategies follow a robust bottom-up credit research process that is based on the belief that superior long-term returns are realised through compounding current income and avoiding principal loss. We aim to achieve this through fundamental credit analysis that focuses on companies with improving credit trends.
In this way we aim to provide you with a process that minimises default risk and manages volatility through active management, while pursuing high yielding opportunities and potentially generating capital growth.
Local Investment Resources
Our US high yield team is based in Greenwich, Connecticut, and has dedicated US high yield traders sitting alongside the portfolio managers and analysts. This advantage enables us to leverage opportunities and share ideas quickly and efficiently.
This local presence has helped create market leading and pioneering solutions for you, such as US short duration high yield.
The investment team’s experience in managing through multiple economic and credit cycles is reflected in the strong track record on avoiding defaults through rigorous credit selection.
