Active management continues to make a difference in the U.S. dollar-denominated fixed-income market, supported by solid fundamentals and opportunities among high-quality Chilean issuers.
The strategy has outperformed the market with lower volatility, validating a thesis that continues to be supported by attractive spreads, solid fundamentals, and ongoing opportunities in Chilean corporate bonds denominated in USD.
Macroeconomic improvements, a commitment to fiscal sustainability and an eventual pro-market and fiscally more austere policy shift open room for a revaluation in credit instruments.