Obligations

For the fixed income fanatics amongst us, June was always going to be one for the books with all three of the major central banks meeting, elections, and continued data.

From the potential for maintaining a status quo that has delivered stability and decent returns in the last few years, to the risks of renewed volatility during a potential second Trump presidency, our latest article from Fixed Income on the upcoming elections in Mexico provides a comprehensive analysis.

Chris Bowie, de TwentyFour Asset Management, se penche sur sa conception de la duration dans les portefeuilles d’obligations et montre que suivre la sagesse traditionnelle en matière de duration pourrait s’avérer coûteux pour certains investisseurs cette année.

L’investissement de qualité dans le secteur obligataire: éviter les perdants importe autant que de repérer les gagnants.

The first four months of this year have seen €11.6bn in gross Additional Tier 1 (AT1) issuance from European banks, across euros, dollars and sterling markets.

Following the aggressive rates rally at the end of 2023, Q1 saw notable gains, with inflation surpassing expectations. Johnathan Owen, Portfolio Management, highlights a more promising inflation outlook and its implications for the Investment Grade team. 

Douglas Charleston, Partner & Portfolio Management, concludes the first quarter in 2024 for the Asset-Backed Securities team, noting that while major economies remain resilient, the rates markets have undergone significant shifts, with central banks reassessing their rate cut expectations.

George Curtis, Portfolio Management, discusses the Multi-Sector Bond team's performance in Q1 2024, highlighting the improved clarity in deciphering central bank actions. With an anticipated central bank rate cut as the next move, the team remain confident in navigating the market's developments.

The end of rising interest rates in Europe and the US, attractive yields, and lower-than-expected default rates mean investors can get higher income without taking on as much risk as they had to in the past. In our view, less volatile, high quality fixed income products are poised for strong performance in 2024.

Lors de la dernière décennie, les investisseurs ont été contraints d’élargir leurs horizons, mais nombreux sont ceux qui négligent encore la dette en monnaie locale des marchés émergents. Notre équipe Fixed Income vous donne cinq raisons d’envisager une allocation plus permanente de la dette en monnaie locale des marchés émergents.

Almost a year ago to the day, we were in the midst of banking sector turmoil, which started off with regional banks in the US and spilled over to Europe, eventually culminating in the forced merger between Swiss banks UBS and Credit Suisse.  

Après quelques années difficiles, les obligations font leur grand retour. Notre équipe explique les raisons qui nous font penser que les obligations devraient se placer, cette année, parmi les offres les plus intéressantes en matière de risque/rendement.