PROFESSIONAL INVESTOR
THE NETHERLANDS
ENGLISH
BNP AM

The sustainable investor for a changing world

USD Short Duration Bond Strategy

Key features

A global portfolio targeting a high level of liquidity by investing primarily in USD-denominated debt securities

Managed by an experienced multi-strategy fixed income team

ESG1 factors integrated within the investment process

Investment philosophy 

Our investment philosophy rests on four key beliefs:asset allocation is the primary driver of returns; asset allocation decisions are best made by combining quantitative and qualitative fundamental forecasts; accountability at the individual and team level should be monitored in a fully transparent framework; augmented investment techniques can enrich idea generation to optimize portfolio construction and risk management.

Investment process

Our USD Short Duration Strategy follows a disciplined and repeatable process:

  • Research and forecasting
  • Investment committee
  • Allocation committee
  • Portfolio construction

Team and resources

Our short duration strategies are managed by our Global Multi-Strategy Product Group, with teams based in New York, London, and Paris. James McAlevey, who has more than 21 years of industry experience, is responsible for USD and global short duration management.

Team members benefit from access to our global trading and risk management platform, Sustainability Centre, Quantitative Research Group, and Macro Research team.

[1] ESG = Environmental, Social and Governance. ESG assessments are based on BNP Paribas Asset Management’s proprietary methodology which integrates all three aspects of E, S & G.
References to the Strategy relate to the investment approach and process applied to the flagship BNP Paribas Sub-fund. The Sub-fund in question may not be available to investors in certain jurisdictions. Visit www.bnpparibas-am.com for more information.
Past performance or achievement is not indicative of current or future performance.
  • Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may take different investment decisions for different clients. This material does not constitute investment advice.
Investments are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial investment. There is no guarantee that the performance objective will be achieved.
  • Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions).
Environmental, social and governance (ESG) investment risk: The lack of common or harmonised definitions and labels integrating ESG and sustainability criteria at EU level may result in different approaches by managers when setting ESG objectives. This also means that it may be difficult to compare strategies integrating ESG and sustainability criteria to the extent that the selection and weightings applied to select investments may be based on metrics that may share the same name but have different underlying meanings. In evaluating a security based on the ESG and sustainability criteria, the Investment Manager may also use data sources provided by external ESG research providers. Given the evolving nature of ESG, these data sources may for the time being be incomplete, inaccurate or unavailable. Applying responsible business conduct standards in the investment process may lead to the exclusion of securities of certain issuers. Consequently, (the Sub-Fund's) performance may at times be better or worse than the performance of relatable funds that do not apply such standards.