The tide turns

Our fund managers in government, corporate and emerging market bonds look at potential drivers of bond markets in 2019.

The Italian government’s plans to sharply hike spending leave it on a collision course with the EU. But financial markets, as well as Brussels, will determine whether the populists in Rome can deliver on their electoral pledges.

The recent Annual Meeting of the IMF reinforced that EM debt investors should pay extra attention to countries’ individual circumstances, write Aaron Grehan and Carmen Altenkirch.

With emerging market assets under pressure on the back of rising US interest rates, a strong dollar and an escalating trade war between the US and China, our equity and bond teams give their opinion on areas to avoid and where pockets of value are emerging.

A sound portfolio construction process is critical to avoiding the pitfalls of behavioural biases, which will become all too apparent as the credit cycle turns

Rampant property price inflation has put Australian authorities in a tight spot as they attempt to tighten banks’ lending standards without triggering a credit crunch, argues James McAlevey.

We consider how technological advances, alternative data sources and shifting investor flow dynamics are changing the face of fixed income markets.

Market indices are inherently inefficient. That can pose a problem for fund managers who rely too much on them as performance and risk benchmarks, explains Josh Lohmeier, head of North American investment grade credit at Aviva Investors.

Despite a torrid few months, frontier bond markets still have an important role to play in investors' portfolios.

Duration is a key consideration for bond investors. But it’s far from the whole story.

The latest feud between the US and China has sparked fears of an all out trade war, with much at stake for both countries and the wider world.

Opportunity knocks for fixed income investors who are not forced to ‘hug’ market indices.