A safe haven in a time of uncertainty

Royal London Asset Management (RLAM) has partnered with Fundrock distribution S.A, who will distribute RLAM’s products and services in the EEA. This follows the United Kingdom’s withdrawal from the European Union and ending of the subsequent transition period, as UK Financial Services firms, including RLAM, can no longer passport their business into the EEA.

Azhar Hussain, Head of Global Credit at Royal London Asset Management, argues that global high yield credit should have wider appeal, and that the front end of the market offers the best protection from the twin threats of inflation and recession.

Global high yield credit isn’t for everyone, yet we feel that more investors should consider the benefits of this asset class given the considerable yield attractions. The market has evolved hugely over the last 15 years and is now much higher quality than in the early 2000s or during the Global Financial Crisis. And Covid gave companies the opportunity to issue new debt or refinance their existing credits at ultra-low interest rates, meaning that issuers are in particularly good health for this stage of the cycle. Furthermore, the risks can be mitigated with an active and disciplined investment process.

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Supporting documents

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