Crossover credit

Key features

  1. Credit investment on the most attractive risk/return profiles between lowest investment grade ratings (BBB+ to BBB-) and highest high yield ratings (BB+ to BB-).*
  2. Targeting stronger yield than investment grade bonds, while keeping volatility much lower than high yield, as well as lower interest rate exposure.
  3. SRI-accredited strategy built on integrated financial and non-financial research. **

*The following definitions apply for all references to investment grade and high yield ratings; Investment grade: rating equal to or above BBB- at Standard & Poor’s or equivalent rating; High yield: rating below BBB- at Standard & Poor’s or equivalent rating.

**Any reference to a ranking, award and/or rating provides no guarantee for future performance for the fund or fund manager. For more details on the SRI accreditation, visit www.lelabelisr.fr. SRI accreditation achieved on May 25, 2020.

 

Our strengths

  • podium

    Attractive positioning

    Our crossover investment strategies offer an attractive risk/return profile, with enhanced carry vs. investment grade while keeping volatility under control on the back of shorter duration.

  • specialized-experts

    Expert credit research team

    Our credit team is one of the most extensive in Europe, with fundamental analysis incorporating ESG materiality i.e. the real impact of environment, social and governance criteria on issuers' risk.

  • process

    Quality and risk management

    Our expert portfolio managers select securities from a range of the highest quality investments across all credit segments, and apply stringent risk management at every stage in our portfolio construction process.

Our investment team

  • Erwan Guilloux
    Erwan Guilloux

    Leader expert Credit
  • Emilie Huot
    Emilie Huot

    Portfolio manager
  • M’Hamed Fenniri
    M’Hamed Fenniri

    Portfolio manager

Further reading

Inflation-Linked Bonds: A direct inflation hedge in today's economic situation
Reading time : 15 min.
INSIGHTS EXPERTISES
Inflation-Linked Bonds: A direct inflation hedge in today's economic situation
Read more
05/18/2026
Reserved for pros
Ostrum AM Perspectives May 2026
Reading time : 15 min.
INSIGHTS MARKETS
Ostrum AM Perspectives May 2026
Each month we share the conclusions from the monthly strategy investment committee which provides a summary of Ostrum AM's views on the economy, strategy and markets.
Read more
05/18/2026
Reserved for pros
Private Credit under the spotlight: what it means for banks and insurers
Reading time : 15 min.
INSIGHTS EXPERTISES
Private Credit under the spotlight: what it means for banks and insurers
Private Credit has moved to the forefront of market discussions, often associated with concerns over liquidity, asset quality and underwriting standards, as well as investor behaviour.Yet behind the headlines lies a heterogeneous asset class whose risks and dynamics demand further investigation.Importantly, not all Private Credit segments face the same challenges, nor do they carry the same risk profile. Recent scrutiny has focused on redemption risk from so called “semi-liquid” funds, further exacerbated by growing concerns around the asset class exposure to the software sector.This analysis aims to cut through the noise and restore perspective. It also assesses the specific implications for insurance companies and banks on both sides of the Atlantic given the specific roles they play in the Private Credit value chain.
Read more
05/11/2026
Reserved for pros

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