Reported 9 months ago
Swiss Longo Investment Management has launched the 'Swiss Longo Timeless Opportunity Non-Investment Grade Bond Fund' in Taiwan, with portfolio manager Ashton Parker sharing insights on the fallen angel debt strategy. This strategy involves investing in bonds that have been downgraded from investment-grade to non-investment grade, anticipating price recovery within 6 months to 2 years. The fund focuses on BB-rated bonds, aiming for higher returns compared to investment-grade and non-investment grade bonds. Parker emphasizes the importance of careful selection due to default risks and the need for maintaining a minimum credit rating of BB for investment purposes.
Source: YAHOO