Having the freedom to access credit markets on a worldwide scale offers ample opportunities for active managers to target diversified investment opportunities with an eye to achieving outperformance and building resilience over time. This strengthens the case for incorporating an active approach to global credit within an investor’s portfolio.

In an ever-shifting financial landscape, the ability to remain agile and informed is essential for lasting investment success. Drawing on decades of experience and a globally integrated approach, we have honed a disciplined credit strategy that thrives not just in stable times, but also amid market turbulence. This article explores how our commitment to process, regional expertise, and proactive risk management empowers to uncover value where others might see only volatility—turning uncertainty into opportunity in the global credit markets.

At BNY Investments, we believe global credit is endowed with a number of favourable qualities, compared to other financial asset classes. It includes thousands of issuers with good credit quality, diversity and depth in the investable universe, and yield with the potential for income streams relative to history. In our view, these features create a compelling case for considering a core global credit allocation. Let’s look at them in turn.

As the delayed effects of past monetary and fiscal policy become more evident and the need for new policy takes hold, the BNY Investment Institute expects the coming quarters to challenge the resilience of economies and the durability of markets. Read more in the latest edition of our quarterly economic and asset allocation analysis, Vantage Point.