- Fixed Income Portfolio Manager
- Boston
Skip to main content
- Insights
- Capabilities
- Funds
- Sustainability
- About Us
- My Account
The views expressed are those of the author at the time of writing. Other teams may hold different views and make different investment decisions. The value of your investment may become worth more or less than at the time of original investment. While any third-party data used is considered reliable, its accuracy is not guaranteed. For professional, institutional, or accredited investors only.
As discussed in our 2022 credit sector outlook piece, Break with tradition in 2022, we see opportunities in a few nontraditional credit sectors that stand out to us as having a higher probability of generating excess returns in the months ahead (Figure 1):
Reductions in fixed income portfolio risk may be warranted in the months ahead, especially if valuations remain tight or compress further. However, we also think investors should remain nimble if, for example, bouts of increased volatility lead to greater idiosyncratic dispersions or inefficiencies across fixed income markets.
In this still-uncertain market environment, a “barbelled” approach, consisting of larger allocations to higher-quality, liquid assets like cash and developed market government bonds, may make sense. For greater return potential, where appropriate, leaning further into those select, nontraditional sectors highlighted above may be an effective strategy in 2022.
Please read our full 2022 credit sector outlook piece, Break with tradition in 2022, for a deeper dive. And for related content, be sure to check out A credit strategy designed for all seasons, authored by several of our fixed income and multi-asset colleagues.
Looking beyond yield: Rethinking the approach of fixed income investing
Continue readingStructuring core fixed income: A constructive view on market and macro conditions
Continue readingURL References
Related Insights
Stay up to date with the latest market insights and our point of view.
Corporate bonds: giving credit where credit is due
Active Views host Will Lockhart and Derek Hynes, portfolio manager on Wellington’s Global Credit Team discuss the current credit cycle, market dynamics, and the future of corporate credit markets.
The revenge of the monetarists
Fixed Income Portfolio Manager Brij Khurana makes the case for a monetarist explanation for moderating inflation.
Weekly Market Update
What do you need to know about the markets this week? Tune in to Paul Skinner's weekly market update for the lowdown on where the markets are and what investors should keep their eye on this week.
Monthly Market Snapshot — April 2024
A monthly update on equity, fixed income, currency, and commodity markets.
Looking beyond yield: Rethinking the approach of fixed income investing
Investors face a new regime, challenging traditional assumptions about returns and volatility. With central bank interventions impacting credit markets, it’s time to rethink income allocations. Rather than fixating solely on yield, consider a dynamic approach, presented by Connor Fitzgerald.
Structuring core fixed income: A constructive view on market and macro conditions
Head of Multi-Asset Strategy Adam Berger and Fixed Income Portfolio Manager Connor Fitzgerald discuss the interest-rate environment and the fundamental picture in investment-grade credit and high yield.
With the Fed on hold, is the case for bonds kaput?
Amid worries about sticky inflation, the market has scaled back its expectations for interest rate cuts this year. But even if rate cuts are on hold a while longer, members of our Multi-Asset Team still think investors should consider a move from cash to bonds.
New era demands a nimble approach to credit
Our expert explains why deep research and an active approach are effective ways for fixed income investors to uncover credit opportunities in today's market.
Bonds in brief: making sense of the macro — April issue
What's driving global bond markets and what are the investment implications? Read the April issue of "Bonds in brief" for Wellington Investment Director Marco Giordano's monthly assessment of risks and opportunities within bond markets.
Three ways social considerations can enhance portfolios
Four leading Wellington equity and fixed income experts explore three ways social considerations can enhance portfolios.
Financial Market Review
A quarterly update on equity, fixed income, currency, and commodity markets.
URL References
Related Insights
Monthly Market Snapshot — April 2024
Continue readingBy
Brett Hinds
Jameson Dunn