LGIMA
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Investment grade fixed income strategies.

LGIMA’s active fixed income capabilities use a disciplined approach focused on security and sector selection to produce superior results. We manage fixed income portfolios actively against both market based benchmarks and custom benchmarks depending on client needs.

Our philosophy

Our philosophy is that value can be added to portfolios through a fully integrated team approach, following a fundamental, research-driven process.  We believe the credit segment of the bond market is inefficient. A disciplined approach focused on security and sector selection can produce consistent excess returns. 

Our process

  • We leverage global resources to identify themes that will drive risk, while our portfolio construction is focused on tight control of duration relative to the benchmark.
  • Our security selection comes from an experienced team of investment grade specialists.
  • Our risk management is focused on tight control of duration relative to client benchmarks and loss mitigation in credit.
  • We apply our expertise in the credit market to produce consistent excess returns relative to our clients’ benchmarks.

Our strategy

  • Emphasizes sectors where research can add the most value
  • Bottom-up focus, guided by top-down considerations
  • Tightly controlled duration discipline
  • Close management of all portfolio risk factors

Investment themes

Top-down views

  • Focus on economic trends, credit quality changes, regulatory actions, political and event risks
  • Monthly economic and credit strategy meetings
  • Drive asset allocation, credit quality, industry weights
  • Develop key thematic over/under weights

How we differentiate ourselves

We execute a low-risk strategy with solid return potential

LGIMA's fixed income specialists provide focused coverage of the credit and securitized markets. We invest solely in the investment grade segment. Our disciplined risk management emphasizes credit alpha. We are able to exploit opportunities at the security and sector level while minimizing interest rate risk.

Our fixed income team has extensive credit experience

Our fixed income team consists of deeply experienced credit specialists. Our strategic credit investment approach allows us to successfully blend macro and micro inputs.

Client-first approach

We have the flexibility to customize portfolio solutions for our clients. We apply our expertise in the credit market with the goal of producing consistent excess returns relative to our clients’ specified benchmarks.

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Research

Read our articles on Fixed Income and Liability Driven Investment.

Strategies

Learn about Fixed Income strategies at Legal & General Investment Management America.

Team

Learn about our Fixed Income Team at Legal & General Investment Management America.