Fixed income

INVESTMENT EDGE

We're dedicated to creating portfolios that are not only well-rounded but also have sufficient liquidity. Our process is built on a foundation of rigorous in-house credit and interest rate analysis. Your portfolio will benefit from the proprietary combination of a top-down macro-economic analysis and a fundamental, value-driven, bottom-up selection.

Your range with DPAM

Government bonds

As the backbone of your portfolio, our government bond strategies provide EU or global exposure to sovereign, nominal, and inflation-linked debt. We are leading the way with our proprietary ‘country sustainability model’, which integrates the environmental, social and governance dimensions into our sovereign debt expertise.

Investment grade corporate bonds

If you are in search of high credit worthiness, the Investment Grade Corporate Bonds are a perfect fit. The strategies offer solid diversification combined with sound liquidity.

High-yield corporate bonds

These strategies give you access to attractive risk premiums with the potential for higher risk-adjusted return. We carefully select underlying bonds with the support of our in-house credit analyst team. Note that such strategies come with a higher risk of impairment and potential capital losses than lower yield debt.

Emerging markets

Our emerging market strategies are a great complement to a conventional, developed-market sovereign-debt portfolio. These strategies offer diversification and yield. We rely on our pioneering ‘country sustainability model’ to integrate the environmental, social and governance dimensions.

Multi-strategy

When it comes to diversifying or building the core of your portfolio, our multi-strategy options have you covered. These strategies offer exposure to global debt securities and thematic multi-sector solutions, including strategies that focus on climate-conscious issuers.

Your value: optimal combination of risk factors

Your portfolio becomes stronger by combining, managing, and controlling the respective risk factors (i.e. rates, credit, and forex).

By carefully blending top-down macro and market assessments with bottom-up security selection, we increase the chances of generating long-term value.

ACTIVE SELECTION

Our process includes security selection, company/country allocation, duration, and yield curve positioning.

FUNDAMENTAL ANALYSIS

In-depth proprietary research supplemented by external research allow us to go the extra mile. Through rigorous credit analysis, we aim to steer clear of default conditions to keep your investments safe.

SEARCH FOR VALUE

Constantly on the lookout for undervalued bonds and attractive yields.

ESG-INTEGRATION

As a signatory of the UN Principles for Responsible Investment since 2011, you can rest assured that we integrate a meaningful degree of Environmental, Social, and Governance considerations across our fixed-income investment range.

SOUND LIQUIDITY

Our well-defined risk management process is designed to build robust portfolios, with a particular emphasis on sound liquidity. Our experts carefully select risk premiums across fixed income sectors with acceptable levels of portfolio volatility.

Risks

We closely monitor portfolios to further contain the risks that could impact the value of your investment. Even so, investing in fixed income solutions comes with inherent risks. As there is no capital protection or guarantee, you can lose part or all of your capital. The risks that can have a high to moderate impact on the investments are listed below.

ESG challenges contain both risks and opportunities. Through thorough analysis, our experts weigh the benefits against the risks to make informed investment decisions.