During this third instalment, Andrew and Fraser talk about the Hermes Unconstrained Credit Strategy and its top-down approach to dynamic credit allocation and scenario analysis. By scanning the entire fixed-income universe for opportunities, the Strategy aims to maximise long-term total returns throughout the cycle.
Andrew and Fraser also use a case study from the energy sector to discuss high-conviction portfolio construction, before looking at how the team uses options to mitigate tail risk.
Past performance is not a reliable indicator of future results and targets are not guaranteed.
This document does not constitute a solicitation or offer to any person to buy or sell any related securities, financial instruments or financial products. No action should be taken or omitted to be taken based on the information presented. Tax treatment depends on personal circumstances and may change. This document is not advice on legal, taxation or investment matters so investors must rely on their own examination of such matters or seek advice. Before making any investment (new or continuous), please consult a professional and/or investment adviser as to its suitability. Any opinions expressed may change. All figures, unless otherwise indicated, are sourced from Federated Hermes.
