If an investor had placed their money into a standard global equity tracker this time last year, they may be forgiven for thinking not much has happened in markets since. The MSCI ACWI index is up 7% since July 2024 and 1% year to date, and that’s amid US tariff announcements and delays, concerns over
Some research from Capital Group, which looked at institutional investors attitudes to fixed income, recently caught our eye. A third of those consulted by Capital Group manage assets in excess of £50bn and they said they were optimistic on the case for fixed income for diversification reasons rather than as an income holding, despite the
Macroeconomic conditions in early to mid-2025 have been characterized by elevated uncertainty and divergent paths for major economies. Policy uncertainty and tariff impacts have led to high volatility, with the US dollar and Treasuries failing to act as traditional safe havens during this period of stress, a deviation from their behavior during events like the
The market goes up. The market goes down. And with volatility, one thing many advisors see consistently is increased interest in fixed-income investments. Curiosity in fixed income was also sparked after interest rates started to move higher three years ago, said Erin Lyons, co-head of credit research firm CreditSights. After the 2008 financial crisis until about
Vanguard will dropped fees across its fixed income exchange-traded fund range. The company said the move “reinforces Vanguard’s commitment to making fixed income investing more accessible”. The change will come into force on July 1. Jon Cleborne, head of Vanguard for Europe, commented: “The bond market is now twice the size of the equity market,
Prudential Global Investment Management (PGIM) is merging its public fixed-income and private-credit teams to form a unit with nearly $1tn in assets, reported Bloomberg, citing sources. This move is part of new CEO Jacques Chappuis’s strategy to enhance cross-selling efforts, as investors look to consolidate their money management relationships. PGIM currently manages $862bn in public
If the government’s inheritance tax rules come into force as expected, this will mark a significant change in how advised clients access their pension pots, a senior spokesperson for BNY Investments has warned. Speaking to FT Adviser ahead of the launch of the company’s Shaping Tomorrow’s Portfolios report, Michael Beveridge, UK head of intermediary distribution
Fidelity has appointed a new global chief investment officer for fixed income. Marion Le Morhedec will join Fidelity in September after two decades with AXA Investment Managers, where she most recently served as global head of fixed income. At AXA she managed a team of 110 people across eight locations and was also a member
The roots of what we now call fixed income go back at least 250 years, when the British government issued “Consols”—a type of perpetual bond used to finance wars. These bonds had no maturity date and paid fixed coupons indefinitely, until redeemed by the government. The term gained prominence with the advent of modern portfolio
In an increasingly unpredictable economic environment, investors are looking for a wider range of products to satisfy evolving strategies. Pauline McCallion reports Following a long period of historically low interest rates – in the wake of the financial crisis that began in 2007–08 and the more recent Covid-19 pandemic – central banks worldwide are beginning