Fixed Income Virtual Market Briefing

18th June 2020 -  Live Online - 10:30 - 11:45


Investment Week is hosting its Fixed Income Virtual Briefing at a time of huge uncertainty for investors as they try to navigate their way through the market fallout caused by the Covid-19 pandemic.

During this briefing, we will hear from a number of fixed income managers about their response to the extraordinary events of the past few months and how they have been navigating turbulent market conditions. In light of recent events, they will share their outlook for fixed income markets, including their views on the impact of huge stimulus packages from global policymakers.

The managers will also identify where they are seeing the biggest opportunities and risks at the moment across the fixed income space and explain the role their strategies could play in client portfolios.

Agenda:



Stream 1 Stream 2 Stream 3
10:30 - 11:05

AXA Investment Managers
AXA Global Short Duration Bond Fund

Kames Capital
Kames Strategic Bond Fund

Aviva Investors
Global Investment Grade Strategy

11:10 - 11:45

Aviva Investors
Global Investment Grade Strategy

AXA Investment Managers
AXA Global Short Duration Bond Fund

Kames Capital
Kames Strategic Bond Fund

11:50 - 12.25

Kames Capital
Kames Strategic Bond Fund

Aviva Investors
Global Investment Grade Strategy

AXA Investment Managers
AXA Global Short Duration Bond Fund

Aviva Investors:

Resilient by design: Understanding behavioural biases in the commoditised world of investment grade credit can deliver uncorrelated outcomes.

COVID-induced market volatility has served as a timely reminder of the importance of resilient portfolio construction. Most investment grade credit managers aim to generate returns through sector allocation and security selection. However, many allocators do not fully understand the true value of portfolio construction and the pitfalls of implementing it ineffectually. In this presentation, Rachel Harris (Senior Investment Director, Credit) will highlight the vulnerability of investors to behavioural biases and how they can best achieve consistent and uncorrelated returns through investment grade market cycles.

AXA Investment Managers:

Embracing uncertainty with Global Short Duration

As the world grapples with its worst crisis in over a decade, investors are trying to understand the long-term economic impact of COVID-19. Unfortunately, despite markets rebounding strongly, macroeconomic uncertainty is at its highest in modern history while earnings visibility remains poor. This is why we believe it is essential for investors to focus on strategies like global short duration which has the ability to dynamically asset-allocate across the full short-dated fixed income spectrum. This strategy aims to achieve superior risk-adjusted returns by focusing on capital preservation, ensuring a strong liquidity profile and targeting an attractive yield while minimising volatility.


Kames Capital:

Strategic Bond funds – using flexibility to manage uncertainty

In the face of an unprecedented economic shock, financial markets have undoubtedly become more volatile and less certain. At the same time, they are also presenting a variety of attractive opportunities for active fixed income investing. By taking a more flexible approach, we believe investors will be better able to exploit these opportunities. Colin Finlayson, Fixed Income manager at Kames Capital, will discuss the outlook for bond markets through the lens of our Strategic Bond fund, explaining why alpha, rather than beta, will be key in driving returns in the coming period.

Speakers:

Investment Manager, Fixed Income
Aegon Asset Management
Senior Fixed Income Portfolio Manager
AXA Investment Managers
Senior Investment Director, Credit
Aviva Investors