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New three-part series from Allianz Global Investors on Corporate Bonds

Allianz Global Investors has started a series on corporate bonds. Read the first two issues titled "High Yield Corporate Bonds" and "Credit Spreads - Compensation for default". 

Part I: High Yield Corporate Bonds Part II: Credit Spreads - Compensation for default
 

Allianz Euro High Yield Bond

Reasons why...Click below for more details.

An attractive asset class

Euroland High Yield bonds offer investors attractive potential returns, at a time when government bonds are yielding only low rates of interest, as a result of central governments lowering bond yields to record lows. High Yield bonds have the advantage of offering investors the potential to benefit from both capital returns plus income from interest, and can enhance the risk/return of an investor's portfolio.

A disciplined, rigorous investment process

The disciplined, proven investment process focuses on selecting bonds offering the best potential returns, combined with strict risk management, which is an integral part of the process. Bond selection is driven by in-depth credit analysis, supported by in-house financial models.

A diversified bond portfolio focusing on higher quality bonds

The investment management team aims to achieve a high degree of diversification within the portfolio, focusing on bonds with a higher quality rating within the High Yield sector, whilst at the same time carefully monitoring risk.

An experienced team with a strong track record

The lead fund manager has specialised in managing investments in the High Yield sector, and is supported by an experienced team of specialists (7 analysts). The fund has delivered outperformance* versus the benchmark** within both up and down markets, and is ranked 1st quartile/1Yr, 1st decile/3 and 5Yrs in its category (Source: Morningstar, category "High Yield Europe Bond" as per 31/12/10).

Footnote

*All performance data in respect of Allianz Euro High Yield Bond until its launch date (9/2/2010) relates to another fund with an identical investment objective and whose assets are also managed by Allianz Global Investors France S.A., namely Allianz Euro High Yield. The latter, which is an open-ended investment fund (also known as an FCP) organised under the laws of France, was launched on 5/5/2000. This does not imply that Allianz Euro High Yield Bond will enjoy similar performance in the future.
**Merrill Lynch Euro High Yield BB-B Rated Constrained Unhedged EUR
 
 
 
Allianz Global Investors