Being unable to integrate responsible investment within the investment process.
Shifting risk exposures to the most indebted sectors and issuers
Being forced sellers of downgraded bonds
The investment case
Buy and Maintain credit portfolios are often - and wrongly - thought of as being sleepy, ‘set-and-forget’ investment vehicles. But this is not the case; they are very much actively managed strategies with a long-term focus. A low turnover has the potential to provide many of the same benefits of more mainstream active funds, while helping to avoid the pitfalls of traditional passive credit management, some of which are highlighted below.