Investments must at least be rated BBB- and equivalent.
The team is not forced to sell at the point of downgrade when values are typically at their lowest.
Fallen angels: bonds that were once investment grade but have since fallen to high yield status.
Data as at 31 December 2021. Sources: eVestment, Capital Group, Standard & Poor’s
Universe breakdown is based on latest available data from eVestment.
Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch, as an indication of an issuer’s creditworthiness.
If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies.
“We aim to generate the majority of our excess returns from the credit rather than the rates component of returns.
Typically, in our global corporate funds, we would expect to derive 90% of our excess return from sector and security selection.”
Damir Bettini, Principal Investment Officer of Capital Group Global Corporate Bond Hedged (AU).
15 years’ experience
“We don't call ourselves research analysts. We call ourselves investment analysts, because the goal is to come up with the best investment idea we can on a risk adjusted basis.
Rather than being a good credit rater or figuring out what the best company or issuer looks like, we’re focused on coming up with the best investment idea.”
Team information based on the Global Corporate Bond representative account as at 31 December 2021. Years of experience as at 31 December 2021. Source: Capital Group.
Capital Group Global Corporate Bond Fund Hedged (AU)
Fundamental security selection in global corporate bonds.
Risk factors you should consider before investing:
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.