At Capital Group, we believe bond portfolios should provide reliable outcomes. Capital Group’s Global High Income Opportunities (GHIO) strategy is designed to provide consistent levels of income and more stable returns through diversification across investments in high-yield bonds and emerging market debt.
Income focus drives strategy’s total return
Diversified sources of income through investing across higher yielding sectors
Deep fundamental research drives bottom-up convictions, not top-down macro calls
Fund's average income yield1 over the last 10 years
Robert Neithart, who has been the portfolio manager of Capital Group Global High Income Opportunities since its launch in 1999, explains the key characteristics of the fund’s investment process.
“Good credit decisions will always be a function of quality research. The strategy is able to rely on two groups of analysts that are separately dedicated to corporate high-yield bonds and emerging market debt.”
“Sharing insights across asset classes is one of our competitive advantages as a company. Such discussions encourage analysts to discuss investment themes and challenge one another’s assumptions.”
This dynamic investment approach, focusing on fundamental, bottom-up analysis, is the cornerstone of the strategy's long-term success. It has been instrumental in allowing us to add value through security selection rather than asset allocation
Read more about Robert’s investment approach to GHIO in this Q&A.
Past results are not a guarantee of future results. Invested capital is at risk; the strategy aims to achieve a positive return over the long term although there is no guarantee this will be achieved over that or any time period. For illustrative purposes only. Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. The information provided is not intended to be comprehensive or to provide advice.
Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
1. Data is based on a representative account of the Global High Income Opportunities strategy, in US$ terms. 10-year average annual income yield is to 31 December 2022. Dividend yields distributed by share classes will differ dependent on type and how investors choose to pay management fees and expenses. Income yield is total income earned by the fund, net of withholding taxes and before management fees and expenses, divided by average net assets over the past 12 months. Source: Capital Group
Risk factors you should consider before investing: