Global Head of Fixed Income
A proven approach built around investor outcomes
In an environment shaped by higher-for-longer interest rates and persistent dispersion, the ability to capture attractive income while maintaining resilience is critical.
Candriam Bonds Global High Yield seeks to deliver yield above 6.5% with a duration of around three years — aiming to balance income generation and risk management across a global, diversified universe.
This selective, research-driven strategy combines disciplined bottom-up credit analysis with active top-down risk management, helping investors navigate volatility while preserving long-term value.
Discover how our Global High Yield strategy helps balance yield and resilience
A seasoned and stable team
Our high yield heritage dates back to 1999. The strategy is managed by a team of four portfolio managers and six dedicated analysts, supported by Candriam’s broader network of economists, investment-grade credit specialists, and ESG professionals.
With over €9bn in high yield assets managed across Euro, Global, Sustainable, Flexible, and Absolute Return strategies, the team combines deep sector coverage with the agility of a focused group.
Deputy Head of High Yield & Credit Arbitrage
Senior Portfolio Manager
Senior Fund Manager
Senior Credit Analyst
Credit Analyst
Senior Credit Analyst
Credit Analyst
Why consider Candriam Bonds Global High Yield
- Attractive income potential: Yields above 6.5% while most issuers are positioned at the higher-rated end of the high yield market (BB–B).
- Resilient design: A duration of around three years helps manage interest-rate sensitivity.
- Broad and flexible universe: A global remit allows for relative-value opportunities between Euro and US high yield markets, across sectors, currencies, and along the curve.
- Proven track record: Zero issuer defaults since the fund’s launch in 2003, reflecting a disciplined focus on credit quality.
How we invest
Our active, high-conviction approach combines fundamental issuer research with macro and valuation insights to optimize portfolio construction.
Each issuer is assigned an internal credit rating, and ESG factors are assessed before approval. Portfolio implementation includes relative-value positioning across instruments (CDS vs cash), currencies (EUR vs USD), and the curve — all underpinned by a rigorous liquidity and risk framework.
Selectivity, not stretch, defines the process. We seek issuers with strong balance sheets, resilient cash flow, and sound governance, avoiding fragile capital structures that can erode value. This discipline has supported strong and consistent outcomes through varied market cycles.
Independent validation and recognition
Candriam Global High Yield holds the highest research ratings from two leading global investment consulting firms, recognition of the team’s disciplined approach and the portfolio’s long-term resilience.
- DESIGNED FOR INVESTORS SEEKING GLOBAL INCOME AND DIVERSIFICATION
- FOR INVESTORS AIMING FOR STEADY INCOME WITH CONTROLLED RISK
DESIGNED FOR INVESTORS SEEKING GLOBAL INCOME AND DIVERSIFICATION
Why you should consider Candriam Bonds Global High Yield
Global high yield bonds currently offer attractive levels of income. As of the end of July, yields were above 6.5%[1] while most issuers sit toward the higher-rated end of the high yield market (BB–B). These higher coupons can help offset market ups and downs, although they are not guaranteed and can change over time.
Interest-rate sensitivity is also a key consideration. With an average interest-rate duration of around three years[2], the asset class tends to be less sensitive to rate moves than longer-duration bonds.
The market is also broad and diversified across regions and sectors. A global remit matters; the high yield universe includes over 1,200 issuers[3] and multiple currencies, and it enables relative-value positioning between Euro HY and U.S. HY, across sectors and along the curve — useful when dispersion and technicals drive return differences. Candriam invests selectively within this wider opportunity set.
[1] Source: Bloomberg, 6.7% ICE BofA Global High Yield Index , as of 29/07/2025
[2] Source: Bloomberg - effective duration of ICE BofA Global High Yield Index as of 29/07/2025
[3] Source: Bloomberg, - 1,281 issuers - ICE BofA BB-B Global High Yield Non-Financial Constrained Index , as of 29/07/2025
FOR INVESTORS AIMING FOR STEADY INCOME WITH CONTROLLED RISK
Why allocate to Candriam Global High Yield — selective carry, controlled duration
The global high yield asset class offers a compelling blend of income and resilience, making with yields above 6.5%[1] and most issuers in the BB–B range. This level of income can provide a useful cushion in periods of volatility. A duration of ~three years[2] helps manage interest-rate sensitivity, while a broad universe spanning multiple sectors and diverse capital structures supports selective investing.
[1] Source: Bloomberg, 6.7% ICE BofA Global High Yield Index , as of 29/07/2025
[2] Source: Bloomberg - effective duration of ICE BofA Global High Yield Index as of 29/07/2025
