Numeric Active US High Yield Bond

Man Numeric’s Active US High Yield Bond strategy seeks to outperform the US high yield corporate bond asset class as measured by the ICE BofAML US High Yield Index (H0A0).

It does so via a fundamentally-driven, quantitative, bottom-up bond selection process that is applied across the ICE BofAML US High Yield Index universe of approximately 1,800 publicly traded US high yield bonds.

Approach

Long-only investing in US high yield corporate bonds

  • Fully quantitative issue and issuer modelling
  • Systematic portfolio construction and risk management seeks to control key benchmark exposures
  • Rigorous transaction cost analysis to help ensure efficient implementation
  • Broad data access, including multiple credit data sources and full suite of equity data

Emerging asset class for quant

  • Systematic implementation in credit potentially eliminates behavioural biases, providing a complement to discretionary approaches
  • Leveraging Man Group's decades of experience with discretionary credit strategies and centralized credit execution desk

Fully systematic approach to traditional fixed income

  • Alpha modelling deploys bond-level insights that seek to systematically exploit idiosyncratic dislocations
  • Portfolio construction combines fundamentally driven alpha signals with risk and transaction cost modelling in a framework Man Numeric has successfully deployed in equities for decades

Performance

Strategy

BofA Merrill Lynch US High yield Index

Relative Return

YEAR TO DATE

-1.45%

0.17%

-1.62%

1 YEAR*

0.59%

2.54%

-1.95%

SINCE INCEPTION*

2.98%

4.34%

-1.36%

Performance by calendar years

Strategy

2019

13.57%

2018

n/a

Investment Solutions

Man offers a comprehensive suite of investment solutions and formats that can be tailored and optimised to meet specific client needs.

Our investment solutions offer optionality including; liquidity, control, investment restrictions, investor customisation and transparency.

UCITS
Alternative investment funds
US 40 ACT
Regional funds
Separate accounts
Advisory mandates
Managed accounts

Visit man.com where you can find products available in your jurisdiction.

Access to investment products and mandate solutions are subject to applicable laws and regulations including selling restrictions and licensing requirements. Investment solutions listed above may not be compatible for all investment strategies and may be subject to minimum subscription requirements. Regional Funds: In addition to UCITS and AIFs registered across the EEA, a number of investment strategies are available in vehicles registered in Chile, Netherlands, Hong Kong, Japan, Singapore, South Korea and Switzerland.

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