The correlation between bonds and equities is very high and not likely to correct anytime soon. So what is the solution? More fixed income. A higher correlation means that overall portfolio risk has gone up, and the total risk can be managed down through a higher allocation to fixed...
Global Asset Allocation Viewpoints and Investment Environment by T. Rowe Price Australia Investment Committee, as at 30 June 2024. MARKET PERSPECTIVE Global growth remains broadly resilient with some signs of cooling along with easing inflationary pressures. Recent data across consumer, labour, and businesses point to a moderation in U.S. growth. Similar picture...
The fixed income universe incorporates an incredibly diverse range of strategies and approaches designed to deliver alpha returns. Very few target the sector’s ‘Fallen Angel’ bonds that have fallen out of favor and dropped from investment grade to sub-investment grade. Global fixed income and risk management specialists Insight Investment has...
Franklin Templeton Fixed Income CIO Sonal Desai says the prospect of persistently loose fiscal policy strengthens her conviction that the coming Federal Reserve easing cycle will be gradual and shallow—she expects a total of 125-150 basis points in easing, barring any unexpected shocks. This would leave the fed...
Ken Orchard, Head of International Fixed Income and Portfolio Manager for Diversified Income Bond Strategy, T.Rowe Price shares his outlook for the US economy and the Fed’s policy direction: I would characterize what we've seen so far this year as more of a pause in U.S. exceptionalism than the end of it,...
From Craig Brooke, KeyInvest CEO Strictly speaking, private credit (or debt) is a sub-asset class of fixed income where companies borrow and investors lend. However, some of its characteristics align it more with alternative investments rather than fixed interest. However, is it now large enough to have formed its own...
From Brian Carney and Kevin Minas, Mawer Executive Summary Private credit assets under management have boomed over the past decade with various estimates putting the size of the market between $2-3 trillion USD. Despite public credit and private credit often being sharply delineated in investors’ minds and strategic asset allocations,...
Comments from Patrick Marshall, Head of Private Credit at Federated Hermes on the Private Credit market at the halfway point of 2024. “A visit to Australia was high on my priority list in the first half of the year. With EY estimating that the market reached AUD$188bn in AUM at the end of...
From Chris Iggo, Chief Investment Officer, Core Investments, AXA Investment Managers.​ When I started in asset management, the chief rationale for bond investing was based on the compounding of income returns. After years of price volatility and central banks' distorting of yields, we are back to that simple mantra. Income...
Market and portfolio commentary from institutional investor Nuveen, as part of their quarterly Global Investment Committee Outlook. Current market environment: Overall growth in the U.S. and many other countries has either slowed, turned negative or been subject to greater instability amid a variety of economic obstacles. Divergent monetary policy around...

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