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Key documents
Objective
The BlueBay Global High Yield Bond Fund (the Fund) is actively managed and its objective is to target better returns than its benchmark, the ICE BofA Merrill Lynch Global High Yield Constrained Index, fully hedged against USD, by investing in a global portfolio of fixed income securities. The Fund aims to provide a balanced exposure to the broader global high yield asset class with a focus on capital preservation. There are no restrictions on the extent to which the Fund's portfolio and performance may deviate from the ones of the benchmark.
This is a marketing communication. There are several risks associated with investing in this product. Please refer to the prospectus of the fund and to the KIID available on this website before making any final investment decisions.
Investment approach
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An actively managed strategy with a deep, fundamental research orientated approach which focuses on bottom-up security selection
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Active allocation within individual capital structures based on the asymmetric risks within each name
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Dynamic regional allocations driven by relative value cross border
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Top down macro inputs help inform thematic credit strategies and overall beta within the portfolio
Market opportunity
The BlueBay Global High Yield Bond Fund is a strategy designed to invest in high yield corporate bonds globally
Credit selection is driven by rigorous proprietary bottom up fundamental analysis with an emphasis on downside stress testing
Single name credit analysis is supplemented by economic, policy and political inputs which combine to help determine the sectoral and geographic composition of the portfolio as well as the overall beta of the strategy
The fund invests in both primary and secondary opportunities across secured and unsecured assets and has a specific focus on capital preservation
Andrzej Skiba
Partner, Head of US Credit, Leveraged Finance
Andrzej joined RBC BlueBay in February 2005 and is a Senior Portfolio Manager responsible for the Developed Markets team and is based in RBC BlueBay's office in Stamford, Connecticut. In 2013, Andrzej moved to the US from London to oversee the buildout of global investment grade capability. This followed a period from 2009, where he was a portfolio manager responsible for corporate investments within RBC BlueBay’s IG strategies. Andrzej spent his first four years at RBC BlueBay as a credit analyst covering the TMT, utilities and retail sectors for the Investment Grade team. Prior to RBC BlueBay, Andrzej worked for Goldman Sachs as a credit analyst covering European investment grade telecom, media and utility sectors. Andrzej holds a BSc (Hons) in Management and International Business Economics from UMIST and is a CFA charterholder.
Note: Andrzej is counted in both the Investment Grade and Global Leveraged Finance groups.
Justin Jewell
Partner, Head of European High Yield, Leveraged Finance
Justin is a Partner and Head of European High Yield within RBC BlueBay’s Global Leveraged Finance Group. Justin joined RBC BlueBay in 2009 as Head of High Yield Trading before moving into portfolio management in early 2012. He started his career at UBS in 2002 and was last Director of High Yield and Distressed trading in Europe. Justin holds a BSc in Economics from the London School of Economics.
Tim Leary
Senior Portfolio Manager, Leveraged Finance
Tim joined RBC BlueBay in January 2012 and is a Senior Portfolio Manager across several global leveraged finance and ESG strategies based in the Stamford, Connecticut, office. Tim joined RBC BlueBay as Head of Trading, North America within the Global Leveraged Finance Group, before being promoted to portfolio manager in January 2017. Prior to RBC BlueBay he was a director in high yield and distressed credit trading at the Royal Bank of Scotland. Before joining RBS, Tim spent three years as an analyst on the leveraged loan trading desk at Bear, Stearns & Co. Tim holds a BS in Business Administration with Finance concentration from Fordham University.