DISCOVER
Efficient Fixed
Income Beta Solutions
Efficient Fixed
Income Beta Solutions
What is Efficient Fixed Income Beta?
Clients have been telling us that they are not getting satisfactory fixed income returns from either their passive or active managers. Efficient Beta is a way of approaching this challenge, focusing on fixed income areas where it is possible to address these inefficiencies and deliver beta in a systematic and disciplined way.
It is important to first identify the inefficiencies. Where they are material there may be a solution. The goal for most investors is usually delivering the index which typically gets you top quartile performance but also doing it in a highly liquid and cost competitive structure.
Discover Fallen Angels
What are fallen angels? Bonds that have been downgraded from investment grade to high yield. Historically, fallen angels have better total and risk-adjusted returns, lower drawdowns and favorable risk characteristics versus the broad high yield universe.
There is potential to generate alpha with comparable risk to the benchmark by harvesting structural mispricing in the Fallen Angels market.
Meet the team
The Efficient Fixed Income Beta team has over thirty years of experience managing fixed income portfolios and has been running efficient fixed income beta portfolios since 2012.
Paul Benson
CFA, CAIA
Head of Systematic Fixed Income
Manuel Hayes
Stephanie Shu
CFA
Syed Zamil
PhD
Deepak Agrawal
PhD
IMPORTANT INFORMATION:
For sole and exclusive use by Institutional Investors, Accredited Investors and Professional Investors only. Not for further distribution. This is a financial promotion and is not investment advice. Any views and opinions are those of the investment manager, unless otherwise noted. The value of investment can fall. Investors may not get back the amount invested. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and its subsidiaries. In Hong Kong, the issuer of this document is BNY Mellon Investment Management Hong Kong Limited, which is registered with the Securities and Futures Commission (Central Entity Number: AQI762). BNY Mellon Investment Management Hong Kong Limited and any other BNY Mellon entity mentioned are ultimately owned by The Bank of New York Mellon Corporation. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and its subsidiaries. In Singapore this document is issued by BNY Mellon Investment Management Singapore Pte. Limited, Co. Reg. 201230427E. Regulated by the Monetary Authority of Singapore (MAS). This advertisement has not been reviewed by the Monetary Authority of Singapore. BNY Mellon Investment Management Hong Kong Limited and any other BNY Mellon entity(ies) mentioned are ultimately owned by The Bank of New York Mellon Corporation. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and its subsidiaries.
MC276-31-01-2024 (6M)
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