For investors looking at investing in credit this is a corporate bond fund. The managers believe that they are different because they have been able to deliver consistent returns in falling and rising markets with significant outperformance of the index. In the 20 years plus this has been running they have only had three negative periods in 2008, 2015 and 2018.
They believe that investment grade bonds will do well irrespective of what the economy is doing. It means that they ignore the big events when they happen and build on the little picture. Often panic fades, but at the time it opens opportunities….read more