A safe haven in fixed income with high quality securitised credit

Apr 09, 2026

Our securitised credit team highlights why a high grade short duration strategy can be compelling in the current environment.

Key takeaways:

  • In our view, short-dated (1-2 year) floating rate high grade asset-backed securities (ABS) can be a compelling “safe haven” in a world where traditional safe haven assets, such as gold, duration and credit, are proving less reliable.
  • High grade short duration ABS offer strong fundamentals driven by robust structural protections that result in low sensitivity to underlying collateral deterioration. The inherently short spread duration and floating rate nature result in low volatility, which is particularly attractive in a higher-for-longer rate regime.
  • High grade short duration ABS have a historically robust performance track record through multiple cycles and in the current market environment provide an appealing solution for investors looking for high quality carry without taking on excessive duration or credit risk whilst maintaining liquidity.

Strong performance versus peers over time
Past performance is not indicative of future results

Strong performance versus peers over time chart

Source: RBC GAM, Bloomberg, as at 30 March 2026. The fund returns shown above are EUR, gross of fees and annualised since inception. Past performance is not indicative of future results. BlueBay custom peer group includes peers deemed to apply a similar investment strategy. Please refer to the disclaimer for important information on past gross performance.


Read more about our Securitised Credit capabilities and investing in alternatives at RBC BlueBay:

Securitised Credit | RBC BlueBay Asset Management

Alternatives | RBC BlueBay Asset Management

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This material is provided by RBC Global Asset Management (RBC GAM) for informational purposes only and may not be reproduced, distributed or published without the written consent of RBC GAM or its affiliated entities listed herein. This material does not constitute an offer or a solicitation to buy or to sell any security, product or service in any jurisdiction; nor is it intended to provide investment, financial, legal, accounting, tax, or other advice and such information should not be relied or acted upon for providing such advice. This material is not available for distribution to investors in jurisdictions where such distribution would be prohibited.


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Opinions contained herein reflect the judgment and thought leadership of RBC GAM and are subject to change at any time. Such opinions are for informational purposes only and are not intended to be investment or financial advice and should not be relied or acted upon for providing such advice. RBC GAM does not undertake any obligation or responsibility to update such opinions.


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Past performance is not indicative of future results.
It is not possible to invest directly in an index.


Some of the statements contained in this material may be considered forward-looking statements which provide current expectations or forecasts of future results or events. Forward-looking statements are not guarantees of future performance or events and involve risks and uncertainties. Do not place undue reliance on these statements because actual results or events may differ materially from those described in such forward-looking statements as a result of various factors. Before making any investment decisions, we encourage you to consider all relevant factors carefully.


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