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Global Investment Grade Credit

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Institutional Strategy > Fixed Income > Global Investment Grade Credit

Global Investment Grade Credit

An actively managed investment grade corporate credit strategy, which seeks to outperform the benchmark through robust focus on fundamental research and avoiding tail risks.

  • Seeks consistent alpha primarily from security selection and credit sector allocation
  • The team actively assesses and monitors tail-risk on three separate levels—issuer, sector, and portfolio—with emphasis on identifying secular changes that impact sectors
  • Deeply resourced IG credit team within our wider, globally integrated fixed income platform

Investment Philosophy

Bond markets often fail to price in complexity and cross-currents. We believe this provides opportunities for managers to add value through unique insights and conviction. Through a consistent fundamental credit analysis framework, our team seeks to extract relative value and monitor potential tail risk events throughout market cycles.

 

Structured, Research-Driven Investment Process

A process that focuses on identifying relative value and potential tail risk events to generate consistent risk-adjusted alpha.

Global Investment Grade

 

High-Conviction Credit Views Form Best Ideas Portfolio

Investment Process

  • Universe

    • All corporate issuers rated BBB- and above
    • Comprised of 2,800+ issuers globally
  • Seek to limit:

    • Less liquid issuers and small debt tranches
    • Exposure to companies where ESG factors could materially increase downgrade risk
  • Relative Value Screen

    • Apply “Credit Best Practices” Checklist
    • Internal credit rating
    • NB ESG Quotient, Net Zero Alignment Indicator
  • Focus on Best Ideas

    • A customized database containing detailed information on approx. 600 IG issuers from which an average of 100-250 issuers are selected as investments for clients’ portfolios
    • Proprietary quantitative tools (torpedo monitor) complement fundamental credit analysis
 

This material is provided for informational purposes only, is as of the date hereof and is subject to change without notice. Neuberger Berman advisors and portfolio managers may make recommendation or take positions contrary to the views expressed. Nothing herein constitutes a prediction or projection of future events or future market behavior. Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed.

MANAGEMENT

David M. Brown, CFA
Senior Portfolio Manager and Global Co-Head of Investment Grade
33 Years of Industry Experience
21 Years with Neuberger Berman
Antonio Serpico
Senior Portfolio Manager
24 Years of Industry Experience
5 Years with Neuberger Berman
Sergejs Prala, CFA, FRM
Portfolio Manager
17 Years of Industry Experience
5 Years with Neuberger Berman
Victor Grigore
Portfolio Manager
18 Years of Industry Experience
10 Years with Neuberger Berman