Latest fixed income thinking
The Italian budget drama
30 Oct 2018
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.
Earthquakes and economics: Bali IMF summit highlights the divergence in EM debt markets
18 Oct 2018
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.
US holds the key to emerging markets’ prospects
3 Oct 2018
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.
Credit investing – bias beware as the cycle turns
20 Sep 2018
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
Is Australia heading for a credit crunch?
16 Aug 2018
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.
The future of fixed income
10 Jul 2018
We consider how technological advances, alternative data sources and shifting investor flow dynamics are changing the face of fixed income markets.
Bond benchmarks: yardstick or crutch
10 Jul 2018
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.
Not just about duration: the benefits of a multi-factor approach to fixed income
1 May 2018
Duration is a key consideration for bond investors. But it’s far from the whole story.
When is a trade war not a trade war?
23 Apr 2018
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.
Interesting times: the advantages of active fixed income
19 Apr 2018
Opportunity knocks for fixed income investors who are not forced to ‘hug’ market indices.
High yield: going global
16 Apr 2018
A jump in interest rates could swamp high yield returns, but a global approach and a focus on short duration can help weather a rising tide.
The dangerous science of buckets
22 Mar 2018
Why absolute return fixed income challenges traditional asset allocation thinking.