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AAA-rated Lundie: it’s time to get tactical on energy

Navigating price swings in sectors such as basic industry and energy is a clear way to win in credit, according to Hermes’ co-head of credit, Fraser Lundie.

In this video, AAA-rated Lundie explains how tactical allocations to companies such as energy infrastructure giant Kinder Morgan, where he holds 2.99% of the Hermes Multi Strategy Credit fund, has helped bolster the performance of the €940.7 million strategy.

Also in this video, Lundie said he is currently avoiding low-quality credits, despite some solid fundamentals being in place. However, he added that the value side does not look stable due to weak covenants on these bonds at present.

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