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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The information contained in the Website is NOT FOR RETAIL CLIENTS - The information contained in the Website is solely intended for professional investors, defined as investors which (1) qualify as professional clients within the meaning of the Markets in Financial Instruments Directive (MiFID), (2) have requested to be treated as professional clients within the meaning of the MiFID or (3) are authorized to receive such information under any other applicable laws. The value of the investments may fluctuate. Past performance is no guarantee of future results. Investors may not get back the amount originally invested. Neither Robeco Institutional Asset Management B.V. nor any of its affiliates guarantees the performance or the future returns of any investments. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.
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In the UK, ROBECO Funds has marketing approval for the funds listed on this website, all of which are UCITS funds. ROBECO is authorized by the AFM and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.
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