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This RBC Global Asset Management (U.S.) Website is intended for institutional investors only.

For purposes of this Website, the term "Institutional" includes but is not limited to sophisticated non-retail investors such as investment companies, banks, insurance companies, investment advisers, plan sponsors, endowments, government entities, high net worth individuals and those acting on behalf of institutional investors. The Website contains information, material and content about RBC Global Asset Management (collectively, the “Information”).

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In November 2022, the RBC BlueBay High Yield Bond Strategy (the “Strategy”) passed the five year anniversary of its launch. During that time, the Strategy has delivered consistent investment results through inconsistent markets.

In the five years since its launch, the RBC BlueBay High Yield Bond Strategy has delivered a robust track record of out performance against the ICE BofA US High Yield Index through a wide variety of market conditions. The results have been driven by a conviction-based investment approach that's grounded in our three pillars of success:

  • An experienced team built around the concept of having a collaborative and creative working environment that fosters diverse thinking and emphasizes continuous innovation
  • Integrated proprietary research with explicit ESG assessment driving underexposure to high yield downside risks
  • A disciplined investment process geared for alpha generation in all environments
Learn about the Strategy’s growth Explore the strategy Meet the US Fixed Income team

Senior Portfolio Manager, Tim Leary, reflects on the performance of high yield fixed income over the past 5 years and why he believes the asset class will continue to perform well in 2023 and beyond. (8 minutes)

Today’s markets move fast. To keep you up to speed each week, Andrzej Skiba, CFA, Head of US Fixed Income and members of his investment team will deliver forward-looking market commentary and in-depth insights into what’s driving fixed income markets over the coming week.

RBC GAM’s broad-based fixed income capabilities span the spectrum of the US credit market, ranging from short-dated money markets, Treasuries, corporate credit investment grade and high yield, securitized credit, impact investing as well as opportunities overseas. Topics of conversation will vary based on what is most relevant each week, and will include both top-down and bottom-up perspectives.

Tim Leary, Senior Portfolio Manager of BlueBay Fixed Income, discusses how investors are seeking income and advocates that they could do well with an exposure to high yield bonds - an asset class with low duration risk, low projected levels of defaults, comfortable levels of liquidity, and rising yields driven by dramatically improving valuations.