Pick and Mix: Fresh Ideas for Diversifying Bond Exposure

Policy backdrops and growth trajectories around the world are showing increasing signs of divergence. Yet many bond investors continue to congregate in a few selected pockets of the fixed income universe. In our view, it’s a perfect time to reconsider diversification tactics.

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Oil Price Won’t Stay Low Forever

Kevin Simms (pictured) and Jeremy Taylor When OPEC leaders convene in Vienna tomorrow, the recent sharp decline in the oil price will top the agenda. Yet despite the pressures, our research suggests that the underlying economics of production should eventually drive the oil price higher from current levels.

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In Energy Revolution, Bond Investors Must Keep Their Heads

By Ivan Rudolph-Shabinsky (pictured) and Petter Stensland A surge in capital expenditures and leverage in the energy industry could end badly for some companies and their creditors. While select opportunities exist, we think bond investors should think carefully before they blindly bankroll today’s North American energy revolution.

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Grappling with Geopolitical Risk

Financial markets have faced an increasing array of geopolitical risks this year. In our view, investors should put these events into the right context and focus on how individual companies might be affected when considering their potential impact on equity positions or allocations.

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The Right Fit: Global Bonds and DC Plans

At a time when US defined contribution plans are seeking to control risk and enhance returns, hedged global bonds can improve outcomes for participants and sponsors. But how do plans incorporate global bonds in core menus and target-date funds?

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The Right Fit: Global Bonds and DC Plans

At a time when US defined contribution plans are seeking to control risk and enhance returns, hedged global bonds can improve outcomes for participants and sponsors. But how do plans incorporate global bonds in core menus and target-date funds?

read more

Tinkering with the Core Bond Recipe

This is the time of year when, in almost every American household, the tinkerer in the family eyes the recipe box. Certain venerable traditions will make it to the Thanksgiving table intact. A cousin or an in-law is sure to bring an entirely new dish. And some traditional plates could use some freshening up. That’s [...]

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Get Smart About Giving

With the year-end drawing near, many US taxpayers are starting to think about how much to give to tax-deductible causes. But too often, even financially sophisticated people miss a simple way to boost the tax benefit from their charitable donations: by giving appreciated securities, rather than cash.

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Is Levering Bonds a Loser’s Game Today?

By Michael DePalma (pictured) and Arnab Nilim Multi-asset strategies like risk parity owe much of their popularity to their ability to navigate the global financial crisis. Lately, critics have cited levered bond returns as the driver—and as a looming headwind. We think they’re missing a key point.

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Is Levering Bonds a Loser’s Game Today?

By Michael DePalma (pictured) and Arnab Nilim Multi-asset strategies like risk parity owe much of their popularity to their ability to navigate the global financial crisis. Lately, critics have cited levered bond returns as the driver—and as a looming headwind. We think they’re missing a key point.

read more

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