OMGI’s Johnson to discuss high yield in Milan
Christine Johnson, head of Fixed Income at Old Mutual Global Investors (OMGI), will present the Old Mutual Monthly Income High Yield Bond fund at InvestmentEurope‘s Fund Selector Forum Italy.
According to the asset managers, yields on offer in the high yield universe are “more than tempting.” However, they say, the challenge is to capture the benefits while avoiding the risks of a world in which yields are rising and capital values falling.
“We believe it can be done. Investors can have the best of both worlds. Higher yielding instruments have some equity-like characteristics, with capital values improving as economic recovery boosts creditworthiness. Through active duration management, including adept use of negative duration, a portfolio can profit even as yields rise.”
Johnson joined Old Mutual in September 2010 from Halbis Capital Management (formerly HSBC Asset Management), where she was a senior fixed income fund manager, initially focusing on sterling credit before also managing global portfolios. She moved to Halbis from Investec Asset Management, which she joined as a high yield credit analyst, becoming a high yield fixed income fund manager a year later. She began her asset management career as a credit analyst at Royal & Sun Alliance Investment Management, having previously been a relationship manager at NatWest Bank. Christine has a BA in Economics from Manchester University.