Fixed income
Macro fixed income
Our macro fixed income strategy is a flexible, global bond mandate whose long-term performance is driven by the active management of duration, credit risk and currency positioning.
The investment approach is based primarily on our assessment of macroeconomic factors such as economic growth, interest rates and inflation. From this analysis, we determine duration positioning, asset allocation, and individual holdings, reflecting where we believe the best relative value can be found in the global bond markets.
The strategy may invest across the full range of government bonds, investment grade and high yield corporate credit, and emerging market debt. We also consider that currency investing is a natural extension of bond investing, and provides the potential to add value to performance.