Portfolios are constructed to maximize yield while allowing the opportunity for capital appreciation via appropriate duration, issue, and yield curve deployment. We attack the price component primarily via duration management and the coupon return via the maximization of portfolio yield.
Enhancing portfolio income predominately entails the analysis of the mortgage, corporate, and agency sectors, issues within those sectors, and option analysis where appropriate.
Bond yields are forecast three months forward and subject to ongoing scrutiny. Forecasting bond yields allows us to set duration and curve targets, which in turn impacts sector and issue weightings.
Purchases are concentrated in Treasury, Government Agency, and investment grade Corporate bonds resulting in a high quality portfolio.
Core Fixed Income Data Sheet
Investment Team:
Robert Ohanesian
CEO, CIO Fixed Income Strategies
"In this business consistency is a rare quality. We’ll hold a portfolio of high quality bonds that provide stable income flows and rising asset values. Our disciplined approach and focus on risk control has provided clients consistent performance over full market cycles."
Core Fixed Income - INVESTMENT PHILOSOPHY
