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Global High Yield Bond Strategy

A global bond strategy that invests in attractive High Yield credits across the globe with an aim to outperform the benchmark1 over a 3-5 year investment horizon.

Capital at risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Information regarding key risk considerations for this Impax strategy can be viewed here.

Holdings
90
Launch date
March 20152
Portfolio managers
Klaus Blaabjerg,
Peter Dabros
Asset class
Global High Yield Fixed Income

Overview

The Global High Yield Bond Strategy seeks to generate long-term capital growth and income by investing in undervalued credits where spreads are high relative to fair value and default risk. The global approach offers the widest possible opportunity set.

Proven and repeatable investment process

The team employs an active, bottom-up, high conviction approach that takes advantage of relative value opportunities in the global high yield market. Robust risk management and portfolio construction aims to limit permanent loss of capital.

Experienced and disciplined team

The portfolio managers have been working together for over 12 years and have an average credit experience of over 20 years, spanning multiple market cycles.

Sustainability integration

The team applies a risk-based approach which involves screening & exclusions, and monitoring issuer resilience* through company engagements and third-party data.

Portfolio Management Team

Klaus Blaabjerg

Senior Portfolio Manager

Klaus joined Impax Asset Management in July 2024 and is co-Portfolio Manager of the Global High Yield strategy and a member of the Emerging Market Corporate Bond team and Credit Strategy Group.

He has over 20 years of experience in corporate credit. Klaus began his career in 1999 at Realkredit Danmark as a Risk Manager. In 2000, he became fund manager for Nykredit Invest Engros Eurokredit. He later joined BankInvest as a Senior Portfolio Manager, where he was responsible for launching and managing a Global Investment Grade credit fund. In August 2005, Klaus joined Sparinvest, where he led Credit Products and served as lead manager on the Global High Yield strategy from 2005, helping to grow the business to over €2bn in assets. In 2014, he joined Absalon as a Partner and Chief Portfolio Manager.

Klaus holds an MSc in Economics from the University of Copenhagen.

Recent Insights

Additional Insights

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Peter Dabros

Senior Portfolio Manager

Peter is a Portfolio Manager of the Global High Yield strategy and the Global Short Maturity High Yield strategy. He is also a member of the Emerging Market Corporate Bond team and the Credit Strategy Group.

Peter joined Impax Asset Management in July 2024. He began his career as a sell-side analyst and strategist at Nordea, before joining Sparinvest where he managed Investment Grade, Global High Yield and Short Maturity strategies. In 2014, he joined Absalon as a Partner and Senior Portfolio Manager, working on the Global High Yield strategy.

Peter holds an MSc in Economics from the University of Copenhagen.

Recent Insights

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Risk Warning

Capital at risk. The value of investments may go up or down and is not guaranteed.