Against expectations, core government yields have rallied this year, despite the widely-held view that the winding down of quantitative easing in the US would lead to higher yields and lower prices. In credit markets, spreads have narrowed over the past few years, supported by monetary policy conditions and a benign economic environment. In high yield, there have been some signs of indigestion recently. The outsized excess returns from credit markets over the past few years may now be over, but there are still plenty of opportunities to generate alpha. However, it’s critical that investors employ the largest possible toolkit when investing in bond markets, in order to maximise the likelihood of a favourable investment outcome.
Please note: Jim Cielinski is no longer able to attend this Web Conference so we will now be joined by James Waters, client portfolio manager on the fixed income team as well as fund manager Martin Harvey to discuss the following topics:
•The importance of a diversified investment approach, spanning interest rate strategies, currencies, asset allocation and security selection
•The benefits of not being too large to add value when selecting individual bonds
•Current portfolio themes
•The outlook for bond markets for the remainder of the year and into 2015
Online participants will be able to submit questions during the web conference.
+44 (0) 20 3003 2666 - Standard International Access
0808 109 0700 - UK Toll Free
1 866 966 5335 - USA Toll Free