The global bond market is in flux. Yield curves are steepening, volatility remains elevated, and policy decisions are moving markets in ways that upend some of the more reliable patterns of the last decade. In this environment, active management and selective risk positioning across the curve isn’t just preferable – it’s essential.
At a time when the asset management industry seems to be gravitating inexorably toward passive investing – with low-cost ETFs pulling in record inflows and active managers nursing bruises from underperformance – Tim Carleton, chief investment officer at Auscap Asset Management, offered a bold counter-narrative at the Investment Leaders Forum in Byron Bay.
All that glitters, active vs. passive and why a closer look at infrastructure.
