The changing landscape of sterling credit
The characteristics of sterling credit markets and rating agency methodologies have seen radical changes over the years. RLAM has responded to these developments, while being consistent in the application of our investment philosophy – seeking to optimise the balance between risk and return, and offer investors an attractive income and total return in a period of ultra-low interest rates.
To demonstrate the changes in the wider sterling credit landscape, we consider one of our sterling funds, the RL Ethical Bond Fund, over the last decade.
Past performance is not a reliable indicator of future results. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views expressed are the author’s own and do not constitute investment advice.