By continuing on this site you have agreed to cookies being placed and accessed by this website. More information and adjusting cookie settings.
‘We are positive on all bond markets at the moment’“We are at our maximum duration overweight, so this is the maximum positive positioning that we can have. What is special about Lux-o-rente is that most funds tend to be relatively close to their benchmark and say they have room to go overweight but don’t always use that ability. Lux-o-rente is often at its maximum or minimum duration position rather than being at the benchmark.”
‘It doesn’t make sense to shy away from bond markets completely’And investors should look at the global picture, particularly given the dislocation between the US, which is tightening monetary policy, and Europe, which is still easing it. “It’s great that we have a global approach, especially since bond yields are higher in the US than in Germany and so in times of stress, US bond yields can fall much further,” he says.
Sign up for our email newsletter to receive updates and to stay informed about upcoming webinars.