Fixed income: security selection a key driver of outperformance
How the Fed’s aggressive response to coronavirus has driven yields on safe-haven debt to near zero, leaving ‘low-risk’ portfolios increasingly susceptible to interest rate-driven price volatility, and what investors might consider doing to their portfolios.
Money for nothing, and VIX for free.
Our fixed income team provide their weekly snapshot of market events.
What the US election means for markets… and what it doesn’t!
The election cycle will increase short-term volatility, but we don’t believe it will have much influence on market averages over the long term.
Gareth Simmons
Implications of the global debt explosion
Global debt was at an unprecedented level before Covid-19. With the subsequent policy response injecting liquidity into most parts of the world economy, the debt predicament is set for a worse path. We explore the implications for sovereigns, financials and corporates, particularly from the perspective of credit investors
Meanwhile… back in the range
Our fixed income team provide their weekly snapshot of market events.
Welcome to a new high yield universe
The prevalence of ‘fallen angels’ has changed the composition of the European HY market. So how might we go about navigating it?
Downgrades, defaults and dispersion: Covid and credit
It is becoming more difficult to find an ‘average’ bond. As economic uncertainty increases, the dispersion widens, creating opportunity for an active manager
Summer slumber soothes markets
Our fixed income team provide their weekly snapshot of market events.
Discovering which business models will prosper after the pandemic
Negative, unchanged and positive impacts
