Fixed Income Overview
Washington Capital Management believes fixed income spread products offer investors the opportunity to add incremental returns versus government securities over interest rate cycles. As such, our fixed income investment process seeks to add value by overweighting spread product securities through security selection and analysis.
Our process combines top-down macro research with rigorous, bottom-up fundamental analysis in constructing client portfolios. At the macro level, we evaluate interest rate volatility, identify sectors we believe are likely to outperform and determine appropriate portfolio duration.
Our bottom-up analysis includes performing independent, exhaustive fundamental research on sectors, issuers, and issues to identify relative value opportunities and predictable and stable cash flows to minimize duration shift.