A world-leading manager of preferred and capital securities
Spectrum Asset Management is a world-leading manager of preferred and capital securities with US $20.4 billion in assets under management as of September 30, 2024, which includes $4.6 billion in SMA advisory assets. Spectrum was founded in 1987 and has been a wholly owned and independently run affiliate of Principal Global Investors, a member of the Principal Financial Group®, since 2001. Spectrum has a team of twenty nine dedicated investment professionals and is based in Stamford, Connecticut.
Spectrum manages and advises portfolios of preferred and capital securities for an international universe of corporate, pension fund, insurance and endowment clients, open-end mutual funds domiciled in the United States, Ireland, Japan, and Taiwan, and separately managed account programs for high net worth individual investors sponsored by a variety of broker-dealers.
Spectrum has produced a record of strong performance by consistently implementing its fundamental credit-based investment philosophy, leveraging its expertise in capital structure analysis, and employing and retaining its experienced team of investment professionals.
“The market implication of the Fed having to fight zooming inflation for the first time in 4 decades is that equity and bonds will have to reprice and clear valuations without liquidity being guaranteed by its creator, but instead discovered by traders that are unaccustomed to the Fed as an inflation fighter. Hybrids can be a “special teams” play that could help you win the inflation bowl with high current returns, positive inflation adjusted yields and prospects for higher income from coupons that can reset higher if US Treasury yields go higher too.”