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Asian Fixed Income

Our Philosophy

Our Investment philosophy is premised on capital preservation, investing for the long-term and value discipline. Our Asian Fixed Income team believes that markets are dynamic, often prone to economic “noise” and not always perfectly efficient. Therefore, outperformance can be achieved by applying a systematic approach to top-down macro and bottom-up credit research. Our team believes that all three factors of ESG — environmental, social, and governance — are inherent to long-term value creation, are core factors behind sustainable investment, and should be considered in investment decisions. The team applies this consistent investment philosophy across client portfolios.

ESG Implementation

Our proprietary Fundamental, Valuation, and Technical (FVT) Framework, which is applied to our top-down and bottom-up research, is the foundation on which we construct high-conviction portfolios that seek to deliver returns through multiple sources of alpha. With regard to our robust credit research, the most important output from our team of dedicated credit analysts is the Internal Credit Rating (ICR) model.

The ICR process is the first pillar of our bottom-up credit research and enables the credit research team to assess quantitative and qualitative aspects of each issuer, independently of external credit rating agencies. ESG risks and opportunities are assessed and scored as part of this qualitative assessment within the ICR. Considering ESG factors is an important way to identify potential downside risks that may impact the borrower’s credit profile.

At Amova AM, ESG factors are an important aspect of the team’s credit analysis and an integrated part of the team’s investment process. The investment team researches and scores companies, taking into account both qualitative and quantitative factors. ESG factors are identified by their materiality and potential impact on companies’ credit profiles. The ESG factors of individual companies are determined by leveraging our research team’s keen knowledge through bottom-up fundamental analysis. Their ESG scores are then incorporated into our overall credit score, which will influence the final credit rating of a company. The credit rating of the company will help to determine the appropriate risk premium to apply to the bond valuations to justify an investment.

 

Important Information

The information on this website is for informational purposes only and is not intended to be an offer, or a solicitation of an offer, to buy or sell any product or service to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction.

Moreover, the information in this website will not affect Amova Asset Management America, Inc.’s (“Amova AM”) investment strategy in any way. The information and opinions in this website have been derived from or reached from sources believed in good faith to be reliable but have not been independently verified. Amova AM makes no guarantee, representation or warranty, express or implied, and accepts no responsibility or liability for the accuracy or completeness of this document. No reliance should be placed on any assumptions, forecasts, projections, estimates or prospects contained within this document. This website should not be regarded by recipients as a substitute for the exercise of their own judgment. Opinions stated on this website may change without notice.

In any investment, past performance is neither an indication nor guarantee of future performance and a loss of capital may occur. Estimates of future performance are based on assumptions that may not be realized. Investors should be able to withstand the loss of any principal investment. The mention of individual securities, sectors, regions or countries within this document does not imply a recommendation to buy or sell. All information contained in this website is solely for the attention and use of the intended recipients. Any use beyond that intended by Amova AM is strictly prohibited.

This website may contain links to the website of certain overseas affiliates of Amova Asset Management Americas, Inc. (“Amova AM”). However, providing such links should not be considered as offering or solicitation by Amova AM of any product or service of its affiliates to any person.

Additional information can be found under the Disclaimers [https:us.amova-am.com/institutional/legal-privacy-policy/disclaimer] section of this website.

US
This website is for information purposes only and is not intended to be an offer, or a solicitation of an offer, to buy or sell any investments or participate in any trading strategy. An offering of any investments, securities or investment advisory services with respect to securities may only be made by receipt of relevant and complete offering documentation and agreements, as applicable. Any offering or distribution of a Fund in the United States may only be conducted via a licensed and registered broker-dealer or a duly qualified entity. Amova Asset Management Americas, Inc. is a United States Registered Investment Adviser. 

Canada
The information on this website should not be considered a solicitation to buy or an offer to sell a security in Canada. The information provided herein does not constitute any form of financial opinion or investment advice on the part of Amova AM and it should not be relied on as such. It does not constitute a prospectus, offering memorandum or private placement memorandum in Canada, and may not be used in making any investment decision. Additional information can be found under the Disclaimers section of this website.