Vontobel Asset Management (VAM) has launched a ‘mid yield’ corporate bond strategy and hired Christian Hantel from Swisscanto Asset Management as the senior portfolio manager.
Vontobel Asset Management headquartered in Zurich, hopes to expand its $20 billion (€18 billion) of fixed income assets with the global corporate mid-yield strategy.
The strategy invests in corporate bonds with a credit rating between A+ and BBB, which according to Mondher Bettaieb, head of corporate bonds at the firm, is the most attractive section of the credit market.
“"Over the past decades, we have seen considerable growth in this investment universe due to significant credit rating migration…” he says, adding that bonds with these ratings make up nearly 70% of the global index.
Vontobel has approximately $92 billion in assets under management.
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