Payden & Rygel: Why we approach equity investing via a fixed income lens

Falling income levels have been a fixture of financial markets for several decades, exacerbated in recent years by persistently weak global growth and ultra-low interest rates. Many investors have moved towards riskier assets in their hunt for yield, and valuations consequently look expensive versus historical norms. As a result, the need for company fundamentals to be properly analysed at every level before investment is becoming more important in order to ensure dividends remain sustainable and capital is protected. It is perhaps with this need in mind that Payden & Rygel is launchi...