Though portfolio managers at National City Investment Management Company always keep a vigilant eye on benchmarks, durations and rates, when it comes to making crucial investment decisions, they aren't in the game of interest rate betting.

"We're not interest rate specialists," explained Michael Santelli, director of taxable fixed income at Cleveland-based National City. "We don't play that game, because the risk reward is not that high, and it is too tough a game to play. Instead, our philosophy is one of sector rotation, where we add real value by looking for the most attractive spread product across the spectrum."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.