Overview

The investment objective of the Global HY Bond Managed Account is to seek to maximise total return, consistent with preservation of capital and prudent investment management. It is an actively managed portfolio consisting primarily of high quality USD-denominated corporate bonds.

Strategy

The portfolio is diversified broadly across industries, issuers, and regions on the basis of quantitative top down screening and suitability through allocation and review by the Conduit Investment Committee. Bonds issued by corporate, sovereign and quasi-sovereign issuers are eligible for the portfolio. Further to credit rating analysis Conduit engages active fixed income yield curve strategies and key rate durations and convexity to quantify exposure along the curve.