Fixed Income

“House prices could fall 20 per cent” read the headlines last week. Chris Joye, the founder of fixed-income manager Coolabah Capital, wasn’t seeking headlines, but rather being realistic in his latest piece. Having kept track of the entire cohort of mainstream economists for several years now, Joye continues to stand out as being the most…

“Investors should prepare to navigate unfamiliar terrain as the macro-economic landscape undergoes dramatic transformations over the secular horizon,” is the message from global asset manager PIMCO. But what exactly is PIMCO saying? At this year’s annual “Secular Forum,” PIMCO’s global investment professionals focused on the post-pandemic outlook  for the global economy, touching-on themes such as…

The biggest influence on investment returns in the September quarter was a clear ‘backing up’ or bond rates. Naturally, this is causing advisers across the country to reconsider the structure and longevity of their fixed income allocations. Depending on who you listen to it seems almost certain that rates will continue their march higher, so…

Leading global fixed interest and credit investment manager, Bentham Asset Management, celebrates 18 years of income as it continues to attract investors to its Bentham Global Income Fund, which focuses on capital preservation and income. Bentham Principal, CIO and portfolio manager, Richard Quin, has been with the firm for 18 years since he launched the…

We are “talking about talking about tapering,” said U.S. Federal Reserve Chair Jerome Powell earlier this year, as a strong economic recovery increased the risk of an inflation spike. Tapering refers to slowing the pace of the circa $120 billion of bonds that the Fed purchases each month, $80 billion of which are U.S. Treasury…

Invesco Australia recently hosted the “if rates rise, will your portfolio float” webinar, aimed at advisers and investors that are looking to position their portfolios for a rising yield environment. The webinar was led byAshley O’Connor, head of investment strategy, together with Jack Cunningham and Kevin Egan, senior portfolio managers of the senior secured loans…

Investors face a very uncertain environment today, with the COVID-19 pandemic still playing out, geopolitical tensions and a global economy characterised by low growth and high debt. It’s a good time for investors to remind themselves that diversification is an investment principle that never goes out of style, and that the among the most effective…

Private debt is starting to attract a broader range of investors, including high-net-worth individuals and smaller funds that are searching for yield combined with capital preservation. The attraction, alongside the asset class’ traditional supporters among the big super funds, has also been helped by increasing concerns about inflationary expectations – whether this will be transitory…

Growing concerns on China’s corporate bond market defaults have investors worried that it could manifest into something bigger. Bond defaults have been rising since 2017 with corporate debt standing at US$1.3 trillion ($1.7 trillion), which is more than 30% higher than total US corporate debt. While affecting mainly private companies, Beijing has decided to withdraw…

CIP Asset Management (CIPAM) has launched a wholesale version of its highly successful CIPAM Multi-Sector Private Lending Fund. The launch provides the opportunity for wholesale and sophisticated individual investors to access a truly unique offering. It’s another expansion into the non-institutional market after the launch of the multi-asset Credit Income Fund in 2020. CIPAM says…

London-based fixed interest manager Colchester Global recently presented “Putting the income back into fixed income” to investors, focusing on the current state of traditional fixed income markets. Investment manager at Colchester, Martyn Simpson, explains why fixed income is topical, highlighting that “over the last decade, income has become a bit like the Scarlet Pimpernel. It’s…

Christopher Joye and his growing team at Coolabah Capital regularly stand out among the smartest minds in the industry. Whether analyzing the topic of credit spreads in bond markets or COVID-19 infection rates, they have shown an innate ability to look beyond headline data and connect the dots with what is occurring in the real…