Letter to Shareholders Value Bonds Q3 2015

“It is at times of stress that bottom-up investors can take advantage of the opportunities available, so we are very excited about the current environment when looking to deploy our built-up cash balances.”
In their Q3 2015 Letter to Shareholders, Sparinvest’s Value Bonds team look at the troubled Nordic HY bond market, the reasons for negative sentiment across the ratings spectrum and the performance of Sparinvest’s popular Maturity strategies.