by Robert Almeida, Portfolio Manager and Global Investment Strategist, MFS Investment Management
Historical patterns can provide a useful roadmap for the future but can sometimes lead to mistaken assumptions.
Comparing past drawdowns to the present offers little value. Every episode is unique.
Companies are telling investors they can maintain historically...
This article has been submitted by Income Asset Management
In consideration of further rate increases from the RBA, fixed income markets are largely ‘pricing in’ the current rate hike cycle. Whether the market is right or not is another matter and often hard to predict. The market will form a path on...
Within fixed income, there are two well-known levers, duration and credit. However, there is also a lesser known third lever, Pure Relative Value investing. Scott Osborne, Investment Specialist at Ardea Investment Management, explores how this third lever provides compelling diversification benefits for investors when blended with duration and credit.
Investors...
By Sam Morris, CFA – Senior Investment Specialist, Fidante Partners & Pete Robinson, Head of Investment Strategy and Portfolio Manager, CIP Asset Management
Interest rates have decreased dramatically over the past decade and fixed income returns have declined in tandem. Some of these changes may unwind as we enter a...
MARKET PERSPECTIVE
Inflation concerns remain at the forefront for central banks and investors as global growth continues to trend lower amid supply disruptions, geopolitical challenges and reduction of liquidity, setting the stage for a challenging macro backdrop.
The U.S. Federal Reserve (Fed) remains committed to its tightening policy, hinting at...
By Ben Robins, Emerging Markets Debt Portfolio Specialist at T. Rowe Price
After a significant amount of speculation and consternation over a possible default, Russia has initiated coupon payments on two of its dollar bonds. This was a relief to markets, and the price of the bonds rallied on news...
Following a challenging year for investment markets, Jay Sivapalan, Head of Australian Fixed Interest, discusses the key events and factors shaping the outlook for the year ahead.
Key takeaways:
• Whilst central banks had to act swiftly to arrest inflation, the pace of tightening in most regions has slowed and should...
From Garrett Roche, CFA, FRM, Global Market Strategist at Principal Asset Management
The recent and sudden rise of U.S. Treasury yields has pushed long-term interest rates above the highs seen in October 2022 and even those observed before the Global Financial Crisis (GFC) in late 2007. This swift and significant...
From Seema Shah, Chief Markets Strategist, Principal Asset Management
With the fruitful tandem of low central bank policy rates and muted inflation no longer carrying asset prices higher, as they did in the decade following the Global Financial Crisis, investors need to thoughtfully reconsider their portfolio construction process, and reallocate...
Last month, there was a moment that analysts and financial market participants had been hoping for some time. Like kids waiting for Christmas morning, market participants cheered when US inflation finally started to ease, and boosted hopes that inflation, at least in the US, had peaked. Naturally, global equities...
