Some of them, definitely. Others, not so much. Typically, fixed income investors have two enemies—high growth and high inflation. With both absent, this represents a good environment for bond investors. However, not all bond markets and sectors will benefit equally, and this is important.
But what’s needed to capitalize on this market "inequality"?
You need two things—flexibility and deep global resources.
Because bond markets and bonds within markets don’t all move in unison, an unconstrained, flexible fixed income approach not only provides access to an enormous—and growing—global opportunity set, but can shift its exposure to wherever the greatest value can be found. With credit and interest rate risks more concentrated than ever, flexible fixed income also offers the diversification that investors need. The bottom line is there’s lots of opportunity out there at the moment, but you need the ability to fully analyze global markets and evaluate risk consistently and constantly, and you need the flexibility to go where the best value can be found.
Complement your core. With an absolute-return-oriented approach to fixed income investing, invests flexibly across a diverse set of fixed income strategies, taking advantage of the best opportunities across all market environments.