Conozca a Stella

Stella Ma CFA®

Head Global High Yield Bond, Portfolio Manager / Analyst

25 años de experiencia en inversión

5 años en Vontobel

Zúrich

Vontobel Asset Management AG

Genferstrasse 27

CH-8022 Zúrich

Suiza

Stella Ma se incorporó a Vontobel en abril de 2021 y es Portfolio Manager/Analyst en Vontobel Fixed Income. Stella co-gestiona la estrategia Credit Opportunities y es deputy portfolio manager de la estrategia Emerging Markets Corporate Bond. Además, Stella es lead portfolio manager de la estrategia Global High Yield Bond.

Antes de incorporarse a Vontobel, trabajó en Julius Baer Investment Management desde marzo de 2016, donde creó y gestionó un fondo de global high-yield bonds. Anteriormente, fue portfolio manager y credit analyst en Bluecrest Capital Management en Londres. Se le asignó capital para gestionar un credit long/short portfolio dentro del multi-strategy credit fund de la firma y se convirtió en Bluecrest Partner en 2010. Previamente, trabajó durante tres años como high-yield credit analyst en Morgan Stanley en Londres. Comenzó su carrera en fixed income en 2001 como credit research analyst en ING Financial Markets.

Stella posee un Master of Science en Accounting and Finance por la London School of Economics and Political Science. También es CFA® charterholder.

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Fixed Income Boutique

8 Sep 2025 Fixed Income Quarterly

Harvesting carry and premium calls in short-dated global high-yield bonds

We view short-dated high-yield bonds trading below par as a compelling opportunity given the elevated volatility in long-end rates. These bonds offer a combination of attractive carry, potential for capital appreciation if called or tendered at a premium, and resilience against broader market volatility.

Asset management

17 Jun 2025 Event Replay

Replay: Seizing the shift — the active approach to what’s next in Fixed Income

Discover the key insights from our Q2 Fixed Income webinar, where our experts explored the latest market shifts and strategic positioning opportunities in a rapidly evolving environment.

Fixed Income Boutique

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12 Mar 2025 Fixed Income Quarterly

Fixed Income Quarterly: «su exceso de confianza es su debilidad».

Seguimos siendo prudentemente optimistas sobre la rentabilidad de la renta fija. Los riesgos de cola son elevados, lo que merma nuestra confianza en los mercados alcistas. Sin embargo, sigue habiendo oportunidades de alfa aguardando a los inversores activos y conscientes de los riesgos. Quienes traten de predecir el próximo gran viraje macroeconómico podrían encontrarse haciéndose eco de las palabras de Luke Skywalker: «su exceso de confianza es su debilidad».

Fixed Income Boutique

10 Dic 2024 Fixed Income Quarterly

Fixed income markets in 2025: Shifting terrain

Conditions are currently favorable across fixed income markets. But pockets of volatility and risk aversion will challenge even the most skilled investors. The silver lining? We expect risk-conscious, active investors can generate alpha opportunities in 2025 similar to those achieved this year.

Fixed Income Boutique

10 Sep 2024 Fixed Income Quarterly

Fixed income steadies its footing

Find your footing amid ever-changing conditions with Vontobel’s new Fixed Income Quarterly. The launch edition finds our Fixed Income team feeling very balanced, very buoyant, and very bold. Read on to discover why.

Fixed Income Boutique

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23 Ene 2023 Outlook

Global High Yield Outlook 2023 – A fortunate year for income

High yield markets entered the year at an attractive entry point and investors can enjoy the power of high carry with still solid credit fundamentals. Turning the page on a challenging 2022, the Global High Yield Bond team is hopeful 2023 will be a fortunate year for many things, especially income.