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Credit investing

A long history of innovation

We’ve been corporate bond investors since the 1970s and were one of the first European investors to launch a global high yield credit strategy. Today we’re also an industry leader in sustainable credits investing, with trailblazing SDG and climate-focused credit strategies. We continue to innovate, all while staying focused on running well-diversified and sustainable portfolios, where we take on the right level of risk at the right time.

Guide to SDG Credits


Unmoved by market hype

Our style is contrarian, value-focused and research-driven. Our overall view of the credit cycle – as the Credit Quarterly Outlook – is the framework for our disciplined process of selecting the right bonds for the investment portfolios. In this way our strategies are designed to navigate market cycles, exploit market inefficiencies, and contribute positively to sustainable activity. A contrarian style can only be successful if it is backed by in-depth research capabilities. Our international team of analysts have the research skills, global sector expertise and sustainable investing knowledge to pinpoint the best opportunities. They form part of our stable credit team of investment professionals who know how to navigate the credit cycle: when and where to invest and what to avoid.

Understanding true risk

Incorporated in this process is our focus on measuring the true risk of our portfolios – historically, one of the biggest challenges facing credit investors. We developed an innovative method to do so in 2003, based on the observation that the product of a bond’s credit spread and its duration – its Duration Times Spread – accurately predicts its future volatility. The concept of DTS has found its way into all aspects of how we manage our credit portfolios at Robeco and has become an industry standard for measuring risk.

Credit quarterly outlook


Capturing truly sustainable rewards

In credit investing, where managing risk is a primary focus, a clear sustainability mindset is essential. In fact, we would argue that integrating long-term environmental, social and governance considerations into the investment process – as we have done since 2010 – is an important step in mitigating downside risk. Risks related to carbon emissions and how companies deal with these risks are now also integrated into our processes. In the end, these rigorous sustainability checks and balances help us identify credit opportunities that will potentially deliver longer-term rewards.

We’ve also built on this approach by creating investment strategies that specifically target certain sustainability goals. Our impact solutions include the SDG Credit range, our Global and US Green Bond strategies, and the Global Climate Credit and Global Climate Bonds strategies.

Compelling quantitative solutions

In addition to our fundamental credit strategies, we offer a suite of quantitative, factor-based credit strategies. Robeco’s work in quantitative fixed income dates back to 1995, and relies on an experienced and stable team that has produced award-winning academic publications and launched strategies providing a range of client solutions.

Our credit strategies


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Defining fair value in global credit markets

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Robeco

Robeco aims to enable its clients to achieve their financial and sustainability goals by providing superior investment returns and solutions.

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In all cases where historical performance is presented, please note that past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. Investors may not get back the amount originally invested. Neither Robeco Institutional Asset Management B.V. nor any of its affiliates guarantees the performance or the future returns of any investments. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency. Robeco Institutional Asset Management B.V. (“Robeco”) expressly prohibits any redistribution of the Information without the prior written consent of Robeco. The Information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to law, rule or regulation. Certain information contained in the Information includes calculations or figures that have been prepared internally and have not been audited or verified by a third party. Use of different methods for preparing, calculating or presenting information may lead to different results. Robeco Institutional Asset Management UK Limited (“RIAM UK”) is authorised and regulated by the Financial Conduct Authority. RIAM UK, 30 Fenchurch Street, Part Level 8, London EC3M 3BD (FCA Reference No:1007814). The company is registered in England and Wales under Ref No. 15362605.

In all cases where historical performance is presented, please note that past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. Investors may not get back the amount originally invested. Neither Robeco Institutional Asset Management B.V. nor any of its affiliates guarantees the performance or the future returns of any investments. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency. Robeco Institutional Asset Management B.V. (“Robeco”) expressly prohibits any redistribution of the Information without the prior written consent of Robeco. The Information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to law, rule or regulation. Certain information contained in the Information includes calculations or figures that have been prepared internally and have not been audited or verified by a third party. Use of different methods for preparing, calculating or presenting information may lead to different results. Robeco Institutional Asset Management B.V. is authorised as a manager of UCITS and AIFs by the Netherlands Authority for the Financial Markets and subject to limited regulation in the UK by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.