Poor bond yields mean global flexibility is key

CONFERENCE

Low bond yields mean flexibility to invest globally and along the credit curve are vital for generat...

Low bond yields mean flexibility to invest globally and along the credit curve are vital for generating positive returns, according to the fixed-interest consensus at the recent Senate conference. That said, Aegon's David Roberts feels it is possible to broaden the investment horizon without radically altering risk profile, via currency plays and using Ucits III powers to hedge interest rate and foreign exchange risk. While many commentators believe G7 government bonds all move in the same direction, Roberts said these markets are increasingly decoupled, despite similar monetary and fisca...