Fixed income asset management – a wide range of asset classes

Fixed Income asset management covers a number of asset classes: Eurozone or other countries’ sovereign debt, euro or international inflation-indexed bonds and aggregate management. Funds or mandates may be benchmarked or not and may or may not incorporate SRI constraints.
Each of these types of strategies is the subject of a specific expertise that has both a strategic driver (for example calibrating sensitivity, positioning on the curve) as well as a tactical driver (day-to-day implementation).

The strategic driver is based on an ongoing transversal exchange between the research teams (economic research, financial and extra-financial analysis and financial engineering) and the expert managers, to analyse the markets and define a strategy which, for each asset class, is reviewed at least once every month.
The tactical driver is the exclusive responsibility of each manager according to his or her own values and beliefs and the specific features of the portfolios.

Corporate Credit investment management – a specific driver

Fixed Income Credit management, focused primarily on Investment Grade issuers, is based on a great deal of experience that enables the teams to avoid the principal credit risks that have manifested themselves in recent years. The Fixed income management process is enriched by a strategic phase (contributions from financial analysts and quantitative models) and a tactical phase (market timing, bond selection).

Fixed Income Management is one of the four cornerstones of Groupama AM’s Core Management.

Our Bonds funds range