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Assenagon

Our Fixed Income Strategy

Our highly specialised fund management team has been successfully selecting bonds in the global fixed income market for decades, using a proprietary in-house rating model.

Bond Funds – What really matters

Corporate bonds offer a reliable source of income through regular interest payments and generally carry lower risk than equities – provided the right selection is made. But what are the key success factors?

At Assenagon, our Credit Portfolio Management team actively oversees bond investments throughout the entire investment process – from credit assessment and sustainability screening to the selection of the best bonds.

In our analysis, we rely on the expertise of our team, a proprietary rating tool with a long-standing track record, and in-house developed relative value tools, which we continuously refine in close collaboration with leading universities.

We use cutting-edge scientific methods and a proprietary in-house rating model to consistently select the most attractive investments for you in the global fixed income market.

Robert Van Kleeck

Head of Credit Portfolio Management

We stay active – so you can relax. 


To achieve the best possible results for your money, we operate independently of benchmarks, allowing us to fully exploit opportunities in the global fixed income market.

Our experts specialise in corporate bonds at the crossover between investment grade and high yield, subordinated bank bonds (known as "Contingent Convertibles" or "CoCos"), and infrastructure investments.

This flexibility in selecting investment instruments offers our clients enhanced return potential compared to traditional (passive) fixed income investments.

Two Bond Funds

Which strategy is right for me?

Creating value through flexibility in the bond market

The yield component for bond portfolios

Our Investment Principles

1

Diversification

Bond indices and ETFs carry inherent concentration risks: the more debt a company issues, the higher its index weighting. This risk can be avoided – broad, benchmark-independent diversification creates true portfolio diversification.

2

Flexibility

The bond market offers attractive opportunities for flexible investors thanks to its enormous variety – without taking on additional risk. While there is only one Apple stock, there are over 50 different Apple bonds, many of which vary significantly in terms of yield. This flexibility enables higher running income.

3

Activity

Those who rely exclusively on rating agencies and benchmarks act reactively and miss out on opportunities. Passive investors buy when ETFs buy.

In contrast, having an in-house rating model allows us to anticipate upgrades and downgrades by the major agencies at an early stage – providing a clear performance advantage.

4

Sustainable Value

The quality of bonds within a portfolio is a key driver of stable returns. Independent, fundamental credit analysis combined with continuous monitoring forms the foundation for sustainable, value-driven investing in the bond market.