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Fixed income

Ready to ride the turning tide for bonds

4 min read 15 Dec 23

By Richard Woolnough

For professional investors only

Years of ultra-low interest rates made it challenging for investors to be constructive on bonds, especially government bonds. We now believe the tide is turning in favour of bonds. The fund is now long interest rates risk (‘duration’) for the first time in 10 years. We’re working with the global credit team of analysts to identify value in corporate bonds, but currently think that being ‘neutral’ corporate bonds (‘credit’) makes sense, as the environment for credit spreads is still uncertain. 

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By Richard Woolnough

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.

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The value of the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.

Investing involves risk, including the loss of principal. Where any performance is mentioned, please note that past performance is not a guide to future performance.

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