Investing Philly-style: Aberdeen AM's US fixed-income team
Cross-asset class teamwork coupled with conservative risk management drives Aberdeen Asset Management's investment strategy, leading to a current concentration on MBS and an underweight allocation to corporate bonds. This year they're on the lookout for hybrid securities, LBO survivors and products based on interest-only mortgages, reports Dalia Fahmy
If you plan to invest US fixed-income assets with Aberdeen Asset Management, don't expect a forecast on sector allocation. The Philadelphia-based portfolio managers don't plan to buy corporate bonds today and mortgages tomorrow. They don't care whether financials or utilities are hot. Instead, they look at every security with fresh eyes each time it is offered to them and evaluate from scratch whether it's worth a buy.
"We focus on choosing individual bonds without thinking too much about
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