Insights and perspectives
Explore core fixed income insights from our portfolio managers and research analysts.
Chart of the month
European banks’ capital ratios and buffers remain comfortable despite significant shareholder returns
Shareholder returns for European banks have risen significantly. Distributions are expected to remain high in 2024 and banks should gradually get closer to their CET1 target ranges, resulting in a decline in buffers to minimum requirements (MDA).
However, capital generation is expected to remain healthy, and regulators have also imposed substantial countercyclical buffers (CCyB), which can be released in a downturn and create additional capital headroom.
Beate Muenstermann,
Head of non-US Investment Grade Research, Global Fixed Income, Currency & Commodities
Will Essayan,
Research Analyst, Global Fixed Income, Currency & Commodities
Average capital ratios and buffers remain comfortable despite significant shareholder returns; CCyB buffers provide additional releasable cushion in a macro downturn
Portfolio positioning analysis
Find out how we’re positioning our core fixed income portfolios, based on our latest economic and market views.
PM Perspectives: Fixed income’s time to shine
Myles Bradshaw, portfolio manager of the Global Aggregate Bond Fund, looks at the drivers of the fixed income market and explains how he is positioning the portfolio to capture current opportunities.
Core fixed income funds for diverse needs
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