Mar 5, 2019
In this #FundManagerChat podcast, Mike Scott, lead fund manager of the Man GLG High Yield Opportunities Strategy explains his investment case for global high-yield bonds.
Mike outlines how he is finding opportunities in global high-yield bond markets in the face of quantitative distortion by central banks, geopolitics and inflationary expectations. He discusses his current geographical preference for European and UK credit, how high-yield credit can still diversify against equities and how he believes he can continue to meet his performance target.
Finally, Mike reveals some of the key issues that investors may be overlooking when deciding whether to allocate to global high-yield credit.
| Run Time | Topic |
| 00:20 | Explain the objective of the Man GLG High Yield Opportunities Strategy |
| 01:20 | What is the importance of the thematic element to your strategy? |
| 02:20 | On volatility. How confident are you HY credit can maintain lower correlations to equities? |
| 03:50 | You've an unconstrained portfolio. What's attracting you to UK and Europe? |
| 08:00 | Should investors be worried about inflation? |
| 10:00 | Where are we in the cycle? How confident are you that you can meet your performance objective? |
| 12:50 | What potential tailwinds might investors be overlooking in HY credit? |
Mike is chatting with Jake Moeller, Head of Lipper UK and Ireland Research at Refinitiv, in London on February 26, 2019.
Michael Scott is a Portfolio Manager at Man GLG and lead manager of the Man GLG High Yield Opportunities Strategy.
He has over 13 years of investment experience. He began his career at Cazenove Capital Management in 2005 before moving to Schroders in 2006.
Michael initially spent four years as a European industrials credit analyst covering investment grade and high yield and went on to become the lead high yield portfolio manager.
Michael graduated from Oxford University and is a CFA Charterholder.
Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.
Disclaimer:
This material is provided for as market commentary and for
educational purposes only and does not constitute investment
research or advice. Refinitiv cannot be held responsible for any
direct or incidental loss resulting from applying any of the
information provided in this publication or from any other source
mentioned. Please consult with a qualified professional for
financial advice. The author does not own shares in this
investment.