Our approach

Fixed income investing should be thought of in two parts: macro and credit. This is because the macroeconomic trends that influence government bonds and currencies can be quite distinct from issues that arise at a corporate level.

In many ways fixed income investors have more in common with multi-asset and asset allocation strategists. That’s why, our macro fixed income team form part of our broader multi-asset and multi-strategy team.

Similarly, credit investors think at a corporate enterprise level and therefore have much in common with equity analysts and investors. Our credit portfolio management and analyst team, therefore, collaborate very closely with their equity counterparts. This allows a holistic view to be taken over the entire capital structure of a company and sector.

Coronavirus: Can central bankers calm investors’ nerves?

11 Mar 2020 15:00 GMT 30 minutes

Listen to our live panel on-demand to hear our investment views. Jerome Nunan speaks with Mark Robertson Multi-strategy, Sunil Krishnan Multi-asset and Liam Spillane, Emerging Market Debt on the coronavirus and what it has meant for the assets they manage, and the outlook for their capabilities.

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We offer investment grade and high yield strategies.

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We offer developed market rates and emerging market debt strategies.

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Key risks

Investment risk

The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency exchange rates. Investors may not get back the original amount invested.

Credit risk

Bond values are affected by changes in interest rates and the bond issuer's creditworthiness. Bonds that offer the potential for a higher income typically have a greater risk of default.

The case for annuity-style buy-and-maintain credit strategies

Changing the composition of a pension scheme’s credit strategy can be a powerful way to align assets and liabilities better. By adopting the investment techniques traditionally used by insurers, schemes can select the precise characteristics they would like exposure to, to generate the cash flows that they require.

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Need more information?

For further information, please contact our investment sales team.

Fixed income views