A portfolio primarily of European investment grade bonds
Managed by an experienced team dedicated to corporate credit
ESG1 factors integrated within the investment process
We adhere to an active style of portfolio management based on sound bottom-up issuer selection. We aim is to generate alpha though a strong emphasis on capital preservation and consistency of returns.
We look to exploit market inefficiencies on a fundamental basis, through our contrarian views concerning credit positioning, sector allocation, and country allocation.
We believe sustainability is one of the important drivers of investment risks and returns, and we believe we can deliver similar, or better, financial returns over the long term than traditional investments by investing sustainably while also generating positive environmental, social and governance outcomes.
Our Euro Corporate Bond Strategy follows a disciplined and repeatable process:
- Credit strategy committee
- Portfolio strategy committee
- Issuer selection
- Portfolio construction
Team and resources
Our Global Corporate Credit team, which includes high yield and investment grade credit, is based in Paris, London, and New York. Christophe Auvity, who has more than 29 years of experience, leads the team.
The team consists of experienced portfolio managers and credit research analysts who are dedicated to credit management across the rating spectrum. They benefit from access to our global trading and risk management platform, Sustainability Centre, Quantitative Research Group and Macro Research team.
 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.
- 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.
- 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).