Bond markets are inefficient. We have the capability and process in place to identify and exploit these inefficiencies, and believe you need to be contrarian to avoid crowded trades. We research debt dynamics intensively in order to understand where the market consensus might be underestimating the chance of major structural shifts.
Euro government returns are dominated by risk cycles and regime shifts. By adopting a contrarian approach to markets, with a focus on value, we believe we can exploit inefficiencies over the cycle.
Fixed income markets are segmented as a result of various factors including mandate restrictions across investor types and organizational rigidities. This can lead to dislocations and changes in relationships between sectors, offering active investors opportunities to improve returns and reduce risk.
Our proven, research-driven country allocation framework enables us to assess the risk profile and spread outlook for individual countries, which is evaluated against the differences in yield. This results in overweight and underweight positions at a country level. This strategy lets us take advantage of relative yield fluctuations between countries and benefits from active interest rate management, aiming to capture parallel shifts and twists of the yield curve.
Our innovative Country Sustainability Ranking framework, developed in house, has added valuable insight into the ability of countries to regain debt sustainability and market confidence. Our Green Bond Assessment framework determines if a sovereign bond is truly green. Both frameworks are important elements in the success of our country allocation and our bond selection decisions.
The portfolio managers are responsible for the portfolio risks and the sourcing of ideas. They are part of the Global Macro team, which consists of very experienced portfolio managers, economists, strategists and macro analysts. The team is further supported by and embedded in a broader Robeco framework of sustainability, trading and quant specialists.
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2 Terms and Conditions
You acknowledge that you have read these Terms and Conditions (“Terms”) prior to accessing the website located at www.robeco.com/sg (“Website”) and you agree to be bound by the Terms. If you do not agree to all of the Terms, you are not an authorised user and you should not use the Website. The Website is owned by Robeco Singapore Private Limited (company registration number: UEN. 201541306Z), which is licensed by the Monetary Authority of Singapore (“MAS”) pursuant to the Securities and Futures Act (Cap.289) (“SFA”) of Singapore, and is managed by Robeco Singapore Private Limited and/or its affiliates (collectively, as “Robeco”). The Website is intended for and should be accessed by institutional investors or accredited investors (as defined under Section 4A of the SFA) of Singapore. The Website is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject the Robeco to any registration or licensing requirement within such jurisdiction. It is your responsibility to observe all applicable laws, rules and regulations of any relevant jurisdiction. The content contained in the Website is owned by Robeco and/or its information providers and is protected by applicable copyrights, trademarks, service marks, and/or other intellectual property rights. You may not copy, distribute, modify, post, frame or link the Website, including any text, graphics, video, audio, software code, user interface, design or logos. You may not distribute, modify, transmit, reuse, repost, or use the content of the Website for public or commercial use, including all text, images, audio and/or video. Robeco may terminate your access to the Website for any reason, without prior notice. Neither Robeco, nor any of its associates, nor any director, officer or employee accepts any liability whatsoever for any loss arising directly or indirectly from the access of the Website. You agree to indemnity and hold Robeco, its associates, directors, officers or employees harmless against any and all claims, losses, liability, costs and expenses arising from your use of the Website due to violation of the Terms. Robeco reserves the right to change, modify, add or remove any parts of the Terms at any time and for any reason. The Terms shall deemed to be effective immediately upon posting. The Terms shall be governed by, and shall be construed in accordance with, the law of Singapore.
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