Finding Income in a Low Interest Environment

“Lower for Longer” – central bank monetary policy”There’s no income in fixed income””How can bond yields move any lower?” These are a small few of the expressions that we’ve heard over the last few years, reiterating the myths that fixed...

Credit Spreads

Credit spreads represent the difference in yield between the relevant benchmark (usually government bonds) and the yield of another non-government debt security of the same maturity. They reflect the risk premia which investors apply to the debt of the issuer,...

Multi-Asset Allocation in 2021

Today’s daily missive marks our second last publication for the year and the last of our 2021 outlooks, finishing with our multi-asset view. While it’s useful to derive and forecast performance objectives for specific asset classes, it’s increasingly important to be...