TEXT - INVESTMENT STRATEGIES - FIXED INCOME HOME - What is Fixed Income, Fixed Income is a catch-all term ....
What is Fixed Income?
Fixed Income is a catch-all term for investments within the world’s debt and credit markets. It is also a style of investment that has traditionally been associated with helping to mitigate against capital loss.
An ongoing evolution
Fixed income markets have changed dramatically since the global financial crisis. Central banks have pumped enormous amounts of liquidity into the system helping to depress yields. In addition regulations have increased, which has pulled liquidity out of the system and, after a long period languishing at or near historic lows, interest rates in the developed world have begun to rise. As a result, investors are having to approach fixed income markets differently, and increasingly, are looking for new ways to diversify their sources of income.
Our approach to Fixed Income
We believe the key to superior long-term returns in the fixed income market is compounding current income and avoiding principal loss through fundamental credit analysis and macroeconomic research. At the heart of our investment approach lies a robust, repeatable, global investment process, focused on the monitoring of risks. We understand credit, interest rate and market risk and, where possible, manage against these risks in an effort to deliver consistent performance to our clients.
Our range of expertise covers active, buy and maintain styles as well as a dedicated insurance capability.
Within active, we have benchmark strategies in the major fixed income sectors and flexible strategies that aim to deliver performance with a low correlation to both interest rate and credit risk. We also offer customised solutions to meet a variety of client needs.
Our buy and maintain strategies aim to provide an answer to the challenge of market illiquidity. With a strong focus on credit fundamentals and a conservative construction approach, our buy and maintain offering aims to maximise yield over the long-term while mitigating volatility.
QUOTE - INVESTMENT CAPABILITIES - FIXED INCOME – FIXED INCOME HOME - Hans Stoter
Hans Stoter, Global Head of Fixed Income and Interim Global Head of Multi Assets Client Solutions
KEY FIGURES - INVESTMENT STRATEGIES - FIXED INCOME - Our Fixed Income Key Figures as at 30/06/2018
Our Fixed Income key figures
assets under management
Managed across 3
years of history
Source: Assets under management after delegation to the other asset classes as at 06/30/2018 (AXA IM Database).
TEXT - HOME - Insights title
13 December 2018
Nearing entry point, but volatility merits caution
November sees valuations revert to neutral
10 December 2018
A Different Kind of Tension
The markets have got themselves into a funk over lower oil prices and US and Chinese business cycle risks.