Credit Strategy Highlights
Inception Date: 01 January 2001
Focuses primarily on sector rotation, individual security selection, and to a lesser extent, duration and yield curve management
Benchmarked against ICE BofA 85% Investment Grade / 15% High Yield Index
Invests primarily in US dollar-denominated investment grade bonds
Has broad flexibility to invest in other asset classes and sectors, including high yield, structured, US Treasury and US agency securities
When allocating to high yield securities, the strategy generally has a bias toward securities with a B or above rating (or its equivalent) at time of purchase
PPM is an investment-led organization which utilizes a team-based approach to manage the assets of the portfolio. Portfolio managers work closely with asset class specialists, research analysts and traders to generate ideas and to gain greater insight on the market environment as they make investment decisions.