After a chastening year, JP Morgan tips an old favourite to come roaring back.
Despite wafer-thin margins of safety from longer-dated yields, Schroders identifies relative value fixed income opportunities.
In line with the US Federal Reserve’s rate cycle, Fidelity International favours long duration bonds as both a source of income and diversification.
Investors can no longer rely on traditional diversification that previously helped in turbulent times, according to Allianz Global Investors (AllianzGI).
Higher inflation and expectations of rising interest rates have now been largely priced in by bond markets, it says.
The firm warns about risks in the China credit market.
The BNY Mellon product is being marketed as an alternative source of stable income for Singapore investors.
The US-based fund manager is wary about moving down the credit curve to gain incremental yield and expects declining interest rates to sustain fund performance.
The spread between the two-year and 10-year treasury is now 0.09%.
Changes to Brandywine Global’s bond portfolio involve a pullback from risk assets as interest rates and the US dollar rise, said Brian Kloss, portfolio manager and head of high yield.