High Yield portfolios aim to produce a high level of income and capital appreciation through portfolios diversified by industry, issuer and security. Risk is controlled by rigorous quantitative screening and qualitative analysis, as well as credit analysis and ongoing credit monitoring. These portfolios are supported by one of the largest and most highly regarded high yield research staffs in the industry. Emerging Markets portfolios focus on dollar-denominated securities issued by governments of developing countries, with selective investments in corporate and local currency debt. Our management style is benchmark-driven and emphasizes those countries that are making the most progress toward stable economic growth with low inflation.
Risk is controlled through limits on allocations and stop-losses.
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