Global

Global Aggregate is a lower bond beta strategy with the benefit of a flexible and agile portable alpha process.  

Global High Yield strategy seeks an attractive total return by combining the interest income of high yield bonds with capital appreciation. The strategy invests across U.S. high yield, Euro high yield and EM corporates. 

                         

                              

                        

                       

The investment universe is comprised of global government, quasi-government, investment grade and high yield corporates. The strategy is appropriate for investors seeking exposure to global bond and currency markets and those seeking higher total return relative to global market alternatives.

Adrian Helfert

Head of Global Fixed Income USA

18 years of Industry Experience
10 years at Amundi Smith Breeden 

Adrian Helfert is a Senior Portfolio Manager at Amundi Smith Breeden LLC and is the Head of Global Fixed Income for the USA.  In addition, he is a member of Amundi’s “Architect Committee”, the Senior Investment Committee for Amundi that defines the Global Fixed Income strategic investment outlook.  He originally joined Amundi Smith Breeden's fixed income research group in 2006 and has served as a Portfolio Manager on multiple accounts including a multi-asset relative value fund with responsibilities in Corporate Credit, Emerging Markets and Sovereign Credit. 

Overview

  • Fixed income and currency investment in global markets. strategy focuses on liquid assets and targeted exposures.
  • Low realized return correlation to the benchmark.
  • Consistent investment process that brings insight to drive macro views for the entire Global Fixed Income platform.
  • Rigorous diversification across asset classes, risk factors, investment horizons and manager profiles.
  • Seeks to achieve excess returns by exploiting inefficiencies in and across major asset classes.

Why Amundi Smith Breeden?

  • A stable philosophy and style . The investment process and targeted risk mitigation are consistent.
  • An alpha oriented framework focused on flexibility, removal of bias, optimized risk allocation and team based approach 
  • Highly experienced and dedicated fixed income investment professionals combined with technical and portfolio management ressources.
  • Flexible approach to managing global fixed income that looks at risk factors, not just asset classes, in managing downside mitigation and best relative value for asset allocation.
  • We are flexible and active multi-asset manager.

Ratings Distribution

  

  

* Includes credit default swaps

Sector Distribution

  

Data as of December, 2016. The strategy webpage includes targeted returns that are based on a variety of factors and assumptions and involve significant elements of subjective judgment and analysis. Factors considered in estimating target returns include the following:

Current and expected market conditions and positioning over full market cycle, expected composition of the portfolio relative to the benchmark, and expected returns from security selection, sector rotation and yield curve positioning.  Overall returns are generated from credit positioning, duration exposure relative to the benchmark and foreign exchange exposure relative to the benchmark.

Amundi Smith Breeden cannot guarantee the success of the investment strategy. Past results are not necessarily indicative of future performance. No assurance can be made that profits will be achieved or that substantial losses will not be incurred. All investments involve risk including the loss of principal. This information is supplemental to the presentations shown in the Appendix.  Please refer to the Appendix for further important disclosures that are considered integral to this presentation.