Mercer Short Duration Fixed Income Fund Class Y-3 · NASDAQ:MSDYX
Mercer Short Duration Fixed Income Fund Class Y-3 — Mercer — Debt Investor Presentation (April 2020)
11 slides from Mercer Short Duration Fixed Income Fund Class Y-3's debt investor presentation, Apr 9, 2020
Slide 1: The investment implications of COVID 19
The investment implications of COVID 19 Investment Solutions webinar 9 April 2020 Rupert Watson Head of Dynamic Asset Allocation, Investment Solutions Paul Cavalier Head of Research, Fixed Income Andrew McDougall Head of Portfolio Management, Investment Solutions welcome to brighter
Slide 2: The virus is being brought under control
The virus is being brought under control Cases and deaths are clearly trending down in Italy Deaths should soon peak in Western Europe Source: Pantheon Economics 2
Slide 3: What might re-opening look like?
What might re-opening look like? Some shops? Immunity cards? Those under 30? Regions? Times? Or 40? Shifts? Backed up by contact tracing/testing & random testing 3
Slide 4: How cases might evolve in the US
How cases might evolve in the US Actual/estimated new case count (United States, non-cumulative) Source: Morgan Stanley
Slide 5: Recovery from Q3, but slow return to normal
Recovery from Q3. but slow return to normal The damage won’t be repaired by year-end (United States) Source: Pantheon Economics
Slide 6: Time now to buy credit?
Time now to buy credit? Investment Grade and High Yield spreads Global IG and HY spreads: long-term 600 2500 600.00 500 500.00 2000 400 400.00 1500 300 300.00 1000 200 200.00 500 100 100.00 0 0 0.00 Global HY (LHS) Global IG (RHS) Source: Datastream. Chart shows Option Adjusted Spread. Start date 31
Slide 7: How we've captured the high yield opportunity
How we’ve captured the high yield opportunity on behalf of our clients HY Credit Spreads 1200 1094 1100 1000 939 956 900 803 800 700 600 506.5 500 400 408.5 300 28/02/2020 29/02/2020 01/03/2020 02/03/2020 03/03/2020 04/03/2020 05/03/2020 06/03/2020 07/03/2020 08/03/2020 09/03/2020 10/03/2020 11/03/2
Slide 8: How we've captured the Investment Grade opportunity on behalf of our clients
How we’ve captured the Investment Grade opportunity on behalf of our clients IG spreads: Short-term 450 400 401 350 300 308 250 231 227 225 200 205 150 146 110 118 100 98 50 0 28/02/2020 29/02/2020 01/03/2020 02/03/2020 03/03/2020 04/03/2020 05/03/2020 06/03/2020 07/03/2020 08/03/2020 09/03/2020 10/
Slide 9: Mercer
~™ MERCER
Slide 10: Thank you
Thank you For further information and materials, please visit our Coronavirus hub on www.mercer.com Please send us any questions by email to MercerInvestmentSolutions@mercer.com 10
Slide 11: Important information
Important information - This material is intended only for institutional investors. This contains confidential and proprietary information of Mercer and is intended for the exclusive use of the parties to whom it was provided by Mercer. Its content may not be modified, sold or otherwise provided, in