With the global tide of the central bank stimulus injection soon to turn, only a few segments of the fixed income universe have enough spread cushion to absorb the shift to a post-QE era.
We are still convinced emerging market (EM) debt offers interesting opportunities, supported by the global cyclical pick-up, a commodity price positive environment and undeniably improving fundamentals...
Effective from 1 January
Industry Voice: Many investment portfolios that rely heavily on stock-bond diversification to manage risks may not be protected against inflation surprises. Real assets offer a solution.