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...Although BondBloxx is predicting “another good year” for fixed-income funds, investors should “pick their spots,” she said....
...The moves demonstrate “how investors are afraid to miss the opportunity to lock in these yields”, said Andrzej Skiba, head of Bluebay US fixed income at RBC GAM....
...They all track Bloomberg benchmarks and invest in euro-denominated, investment-grade corporate bonds....
...“We’re at an important inflection point for Panama,” said Nicolas Jaquier, emerging markets fixed-income analyst at investment manager Ninety One....
...“Investment grade sterling credit is arguably the most desirable liquid investment for a pension scheme,” said Simeon Willis, chief investment officer at XPS Pensions Group, owing to its “additional return...
...They used the equity markets to get income that you couldn’t get from fixed income. Now that rates are off zero, it makes sense to use fixed income again for risk management and income,” he added....
...Investment grade corporate bond exchange traded funds suffered their second-highest monthly outflows on record in September, even as investors poured money into the large companies that issued the debt....
...The rosy forecasts have “just been tossed out the window,” said Greg Peters, co-chief investment officer at PGIM Fixed Income....
...Yields on ultra-safe US government bonds and investment grade corporate debt have surged over the past two years as interest rates have risen....
...The Macquarie Income Opportunities ETF is benchmarked against the Bloomberg AusBond Bank Bill Index and invests primarily in a wide range of domestic and global investment grade floating and fixed rate instruments...
...Abrdn still has an investment-grade rating....
...TrackInsight data shows that high yield ETFs had net outflows of $1.3bn in the year to October 2, compared with inflows of more than $200bn for investment grade counterparts....
...For our third Friday interview, we talked with Rick Rieder, head of fixed income at BlackRock, probably the most important bond investor in the world. He is responsible for some $2.4tn in assets....
...November’s outsized inflows more than reversed the cumulative $8.7bn of outflows from high-yield fixed income ETFs that occurred between August and October....
...I asked Bob Michele, head of fixed income for JPMorgan Asset Management (his Unhedged interview from January is here) if he could make sense of the spreads this narrow....
...Athene’s fixed-income portfolio is 97 per cent investment-grade rated. Still, others worry about where the sector’s changing investment strategies could lead....
...Similarly, an earlier attempt by BlackRock to interest Europeans in iBonds fizzled out after the launch of a US investment-grade credit fund in 2015....
...At a high level, some BDCs that have fulfilled, or perhaps almost fulfilled, the promise of near-equity-like returns from a fixed-income investment — the very promise that so many private credit funds are...
...Another $5bn has poured into investment grade funds, which hold better quality corporate debt....
...“This has been painful for some market participants,” said Bob Michele, chief investment officer and global head of fixed income at JPMorgan Asset Management....
...It’s from Sandeep Gupta, a 14-year TMT veteran on the bank’s fixed-income side. Gupta’s main thesis is straightforward....
...But again, the investment-grade market is about $9tn outstanding. High yield and loans are around $1tn each....
...He added that the rally had been driven by many fixed income investors simply finding 8 per cent yields on sub-investment-grade bonds — and even higher yields on loans — “really attractive”....
...More broadly, the prospect of rate cuts may prompt cash reallocation away from money market funds and into fixed income / equity funds, benefiting asset managers....
...“Our initial focus is investment-grade [credit] where we have the highest overlap with our existing fixed-income [exchange traded fund] business,” said Bob Cariste, head of fixed-income ETF trading at Citadel...
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