Global Fixed Income
Analysing the prospects for global bond markets.
Latest Thoughts

May 2021 / VIDEO

Global Aggregate Bond: The Inside Story

Global Aggregate Bond: The Inside Story

Global Aggregate Bond: The Inside Story

A walk-through of some of our active portfolio positions, and the rationale behind...

By Quentin Fitzsimmons

Quentin Fitzsimmons Portfolio Manager

April 2021 / INVESTMENT INSIGHTS

Loans May Provide Solid Returns in Multiple Rate Environments

Loans May Provide Solid Returns in Multiple Rate Environments

Loans May Provide Solid Returns in Multiple...

The asset class offers a low-duration profile, attractive yields

By Paul Massaro & Stephen M. Finamore

By Paul Massaro & Stephen M. Finamore

March 2021 / INVESTMENT INSIGHTS

Fasten Your Seatbelt for More Interest Rate Volatility

Fasten Your Seatbelt for More Interest Rate Volatility

Fasten Your Seatbelt for More Interest Rate...

Rising bond yields and interest rate volatility are expected to continue

By Arif Husain

Arif Husain Head of International Fixed Income

March 2021 / MARKETS & ECONOMY

Pleasant Recession, Unpleasant Recovery

Pleasant Recession, Unpleasant Recovery

Pleasant Recession, Unpleasant Recovery

Weak pent-up demand will likely prevent a post-COVID boom

By Nikolaj Schmidt

Nikolaj Schmidt Chief International Economist

March 2021 / MARKETS & ECONOMY

Has the Fed Turned Hawkish by Allowing Bond Yields to Surge?

Has the Fed Turned Hawkish by Allowing Bond Yields to Surge?

Has the Fed Turned Hawkish by Allowing Bond...

It seems happy to let financial market conditions tighten.

By Nikolaj Schmidt

Nikolaj Schmidt Chief International Economist

February 2021 / MARKETS & ECONOMY

The Risk Rally Will Likely Continue, but It Is Vulnerable

The Risk Rally Will Likely Continue, but It Is Vulnerable

The Risk Rally Will Likely Continue, but...

A price correction is possible

By Nikolaj Schmidt

Nikolaj Schmidt Chief International Economist

February 2021 / MARKETS & ECONOMY

The EU-UK Trade Deal Leaves Open Questions

The EU-UK Trade Deal Leaves Open Questions

The EU-UK Trade Deal Leaves Open Questions

But the exclusion of some areas brings opportunity for reform

By Quentin Fitzsimmons & Tomasz Wieladek

By Quentin Fitzsimmons & Tomasz Wieladek

December 2020 / MARKETS & ECONOMY

Market Optimism May Be Justified—But I Urge Caution

Market Optimism May Be Justified—But I Urge Caution

Market Optimism May Be Justified—But I Urge...

Weak growth and a fiscally hamstrung U.S. signal trouble ahead

By Nikolaj Schmidt

Nikolaj Schmidt Chief International Economist

Fixed Income
RELATED FUND
SICAV
Class I USD
ISIN LU1216622214
We use a flexible, benchmark-agnostic approach to invest across the full global fixed income opportunity set aiming to provide regular returns, capital preservation and diversification from equity risk. View More...
3YR Return
(Annualised)
2.93%
Fund Size
(USD)
$1.7b
Avg Coupon
3.20%
Avg Maturity
6.61 yrs
Avg Duration
1.09 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU1216622644
A concentrated, high-income portfolio of primarily global high yield corporate bond opportunities. We apply an active management approach to global high yield to capitalise on market inefficiencies, sector positioning and idiosyncratic events while seeking enhanced return potential. View More...
3YR Return
(Annualised)
6.25%
Fund Size
(USD)
$692.9m
Avg Coupon
5.69%
Avg Maturity
6.86 yrs
Avg Duration
4.48 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU1216623295
A high conviction portfolio of around 75-150 of the best global corporate bond ideas generated by our global research platform. We invest primarily in a diversified portfolio of investment-grade corporate bonds from issuers around the world, including emerging markets. View More...
3YR Return
(Annualised)
6.69%
Fund Size
(USD)
$34.9m
Avg Coupon
3.37%
Avg Maturity
8.86 yrs
Avg Duration
7.44 yrs
RELATED FUND
SICAV
Class I USD
ISIN LU0133095660
A portfolio of holdings of between around 400 and 600 issuers that seeks to exploit inefficiencies in the full universe of the global fixed income and currency markets. View More...
3YR Return
(Annualised)
5.06%
Fund Size
(USD)
$670.0m
Avg Coupon
2.16%
Avg Maturity
10.07yrs
Avg Duration
6.46 yrs