Investment Grade Credit Strategy Highlights
Inception Date: 01 April 2005
Focuses primarily on individual security selection and secondarily on sector rotation
Benchmarked against the Bloomberg US Credit Index
Invests primarily in US dollar-denominated investment grade securities and, to a lesser extent, non-corporate securities represented in the benchmark, including Sovereigns, Supranationals, Foreign Agencies and Foreign Local Governments
Has considerable flexibility to invest in structured securities
Typically does not purchase securities rated below BBB- (or its equivalent) at the time of purchase; however, the strategy may hold securities downgraded below this threshold after 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.