Join portfolio managers Leonardo and Anthony for our upcoming Quarterly Fixed Income Webinar, where they will discuss recent developments shaping global bond markets and the outlook for fixed income allocations.

As fiscal and monetary policies increasingly diverge across major economies, we will explore the implications for global fixed income markets and the opportunities this divergence creates. We believe the case for global diversification within high‑quality fixed income has rarely been more compelling*. With credit spreads near historic tights and credit beta historically correlated with equity markets, we will make the case for diversifying fixed income exposure through global duration and currency.*

Rising geopolitical uncertainty has also renewed the importance of traditional safe‑haven assets during periods of market stress. We will examine how different segments of global fixed income have historically behaved in these environments and where defensive characteristics may still be found today.

Key Talking Points

• Diverging fiscal and monetary policy paths across major economies are driving dispersion in yield curves, term premia, and currencies, creating both risks and relative value opportunities within global fixed income.
• Credit spreads are near historic tights and are frequently used to enhance yield, but their equity‑like behaviour means they tend to be less effective as diversifiers during periods of market stress.
• In an environment of heightened geopolitical risk and macro uncertainty, we assess the role of high‑quality government bonds and currencies as potential portfolio stabilisers, and where traditional safe‑haven characteristics still hold.

** Diversification does not protect against loss