Credit research, from AAA to CCC

Putting credit research at the center of a fixed‐income portfolio is the key to robust active management inside the $20 billion John Hancock Bond Fund. In his interview with Portfolio Intelligence host John Bryson, fund manager Howard Greene of Manulife Investment Management describes how he and his team do credit research differently than many competitors. With individual analysts providing full sector coverage up and down the credit‐quality spectrum, Howard outlines how this approach helps analysts evaluate the upper bounds of high yield and the lower tiers of the investment‐grade market segments. According to Howard, this can help uncover more frequently overlooked value opportunities while enabling more agnostic views on where to find the most attractive sources of yield.