Our Global High Yield Bond Strategy sits alongside and complements our market-leading US High Yield Bond strategy. The fund demonstrates our strong commitment in enabling clients to tackle the ongoing challenge of low yields and volatile markets.
The Nomura Global High Yield Bond Strategy is managed by Nomura Corporate Research and Asset Management Inc. (“NCRAM”), a NAM affiliate. NCRAM was established in 1991 and is an analyst-driven investment boutique that specialises in below investment-grade credit.
David Crall, CFA, is the Fund Manager for the Global High Yield Strategy and the Chief Investment Officer for NCRAM. He employs a combination of top down and bottom up analysis to allocate to regional sleeves.
Global High Yield is available in Global High Yield or Developed Markets Global High Yield (which excludes Emerging Markets).
We believe a total return approach driven by credit research is the best way to generate alpha in high yield. We describe our investment philosophy as the “Strong Horse” philosophy.
Strong Horse companies can carry their debt load through good times and bad. These companies generally have a positive ability to de-lever their balance sheet by generating strong, positive cash flows that are sustainable. The creditworthiness of these companies tends to increase over time, as will their credit ratings.
The Nomura Developed Markets Global High Yield strategy is available for investment via our Dublin-based Irish domiciled UCITS fund. Both the Global High Yield and Developed Markets Global High Yield strategies are also available via segregated mandates.