Core Bond is AAM's primary fixed-income strategy, investing throughout the investment-grade market within a relative value framework.

This strategy specifies a duration target that matches a pool of investment assets with the liability stream of a specific line of business. Typical clients in this strategy would be Life, Annuity and Long-Term Care companies.

The goal of this strategy is to improve total return and generate higher levels of tax adjusted income for taxable clients by seeking relative value entry and exit points into the tax free municipal bond sector.

Convertible bonds offer equity-like returns with downside protection and favorable accounting and regulatory treatment.

Structured products form the core of our client portfolios because they have historically exhibited superior credit migration with greater yields than similarly rated corporate bonds. The combination of our expertise and the stability of credit quality, with attractive yield and total rate of return performance history, offers a compelling reason for an insurance company to segment this asset class for management by AAM.

The private placement market is a sub-category of the corporate and structured debt market. This sector is an attractive opportunity for insurance company portfolios to earn incremental yields relative to publicly traded securities.