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High yield
High yield

High yield

Benefitting from a long-term quality approach pays off in high yield bonds

Key points:

  • Conservative and long-term approach with a bias towards higher-quality bonds
  • Managed by experienced and stable team with lead portfolio manager involved in high yield since 1998
  • Proven track record with outperformance in different market environments

Philosophy

We believe that investors tend to show herding behavior, which means investors crowd into the same trades. Our contrarian investment style, ensures that we do not get trapped in crowded positions. We also invest in small caps which are neglected by most investors and therefore carry a liquidity premium. The strategy has a conservative and long-term investment philosophy and prefers to invest in high-quality issuers.

Process

The investment process is based on a top-down analysis of the global high yield markets, combined with in-depth bottom-up issuer analysis. The process is skewed towards identifying and assessing credit risks to avoid portfolio losses. Our proprietary state-of-the-art risk management tools ensure in-depth risk monitoring, particularly when market conditions or credit ratings change. ESG research is used throughout this research-driven investment process to assess further the downside risk of investments. We offer this strategy in a European and a global high yield version.

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Team

Robeco has had a dedicated team of high yield professionals since 1998 and the current head of the team, Sander Bus, has been a member since the outset. The high yield portfolio managers work in close cooperation with experienced career credit analysts and quant specialists.

Get in touch with us

Contact us if you would like to know more about this strategy.

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