Value Bonds Quarterly Update

“The essence of Sparinvest’s Value Bonds Strategy is that a proprietary bottom-up investment process, with a thorough credit analysis, permits a superior credit carry premium to the benchmark(s).”
In their latest Letter to Shareholders, Sparinvest’s Value Bonds team look at how the divergent paths of the world’s major economies, the impact of a China slowdown on commodity prices and geopolitical risk have impacted on Sparinvest’s High Yield, Investment Grade and Emerging Markets corporate bond strategies.