Fixed Income

Global aggregate markets can foster investment flexibility and provide attractive yields.

Yields in global aggregate markets have risen from historic lows to levels not seen since 2008. But what are these markets and what role can they play in bond portfolios?

Global aggregate markets combine investment grade exposures including corporate credit, sovereigns, quasi sovereigns and securitized assets. Historically global and European aggregate markets were generally marginalized (less in the U.S.) due to low yields, as investors opted for single-sector ...

The European property sector faces higher capital costs and shifting demand, which merits a selective approach.

Following a dismal 2022 and strong recovery in 2023, the European real estate sector has seen erratic but positive returns this year, largely tied to the ebb and flow of interest rate expectations. Where things go from here may depend on whether you stand in the macro vs. credit debate.

Under the prevailing macro argument, rates are the main driver of risk for the sector. This is because real estate is capital-intensive with low operating costs, making ...

The upcoming election has implications that we believe could shape British politics and financial markets for years to come.

When Prime Minister Rishi Sunak stood in the rain outside 10 Downing Street and announced the snap election to be held this July 4, few were under the illusion that any campaign would change the fortunes of the Conservative Party. Since the mini-budget debacle of former Prime Minister Liz Truss, a significant gap in polling has opened up between the Labour and Conservative parties. For this reason, we expect Labour to win a majority in Parliament and that Keir Starmer ...