Hints and tips:
...The subsequent death of YCC will send Japanese government bond yields spiralling higher — removing the last anchor for global fixed income markets — and restore the yen’s vim....
...One revived dynamic might be that US fixed income looks better to European and Japanese investors on a currency hedged basis than it did a week ago....
...The pressure point that fixed income investors are now most focused on is the exchange rate, said Paul Lukaszewski, head of Asian corporate debt and emerging market credit research at Aberdeen Standard Investments...
...Alan Clarke, head of European fixed income strategy, Scotiabank I am expecting CPI inflation to peak at 3% y/y towards the end of 2017....
...Alan Clarke, head of European fixed income strategy, Scotiabank My base case is that Bank Rate and the APF will be unchanged through 2017 and 2018....
...“Passive funds, be it in equities or fixed income, have been the preference since the financial crisis....
...If global central banks are reluctant to sell Eurozone bonds in size, perhaps over time more domestic sellers or FX-hedged international fixed income managers will account for a bigger proportion of the...
...Wisdom Tree has this week introduced its Germany Equity hedged ETF, ticker GXGP. This boasts three simple ideas in one fund....
...There is also an expectation that Chinese fixed income funds will grow in popularity among domestic investors....
...David Bloom, global head of FX strategy at HSBC, sees a long appreciation: We are only at the early stages of a USD bull run....
...Putting 75 per cent into the equity fund would be adventurous, putting 75 per cent into fixed-income very conservative....
...● iShares, BlackRock’s exchange traded funds platform, has introduced two currency-hedged fixed income funds: the iShares Global High Yield Corp Bond GBP Hedged Ucits exchange traded fund and the iShares...
...Mr Wiedman at iShares points out that fixed income markets remain relatively untapped by ETFs....
...The fund will invest in best ideas across rates, foreign exchange and credit, aiming to achieve a risk adjusted return of 4-5 per cent over the Barclays Capital Global Aggregate Bond USD Hedged Index across...
...Henderson Global Investors, which is in the process of expanding its fixed income product range, has seen assets in its MAC strategy (the Henderson Multi Asset Credit fund) reach more than €250m since it...
...● HSBC Global Asset Management has created the GIF India Fixed Income Fund for foreign institutional investors to buy rupee-denominated government and corporate bonds....
...Jérôme Broustra, head of fixed income global rates at Axa Investment Managers, adds: “The time when you get out of a recession with a 5 per cent interest rate is over....
...It will use credit default swaps to access investment grade and high yield fixed income....
...● State Street Global Advisors’ exchange traded fund platform SPDR has listed four physically backed UK fixed income ETFs on the London Stock Exchange....
...into $A fixed income is now in the past....
...Glencore pays the LME price plus a fixed premium, and can resell the metal or stockpile it in anticipation of higher prices....
...Regardless of some fixed income managers’ unhedged approach, however, “the case for hedging developed market fixed income funds is compelling”, says Mr Wood-Collins, adding that he would make an exception...
...The funds are fully hedged against the US currency....
...Fixed income indices can be harder to replicate than equity indices, so ETFs in this area tend to be synthetic, such as the db x-trackers II Global Sovereign Euro Hedged Index....
...As fixed income guru Moorad Choudhry noted in the “Repo Handbook” such a trade should generally be considered low-risk since the financing profit on the bond position is known with certainty until the bond...
International Edition