FIXED INCOME

Flexible. Thoughtful. Connected.

Our teams retain flexibility within a disciplined construct, resulting in individual strategies as well as custom-blended solutions – all within a rigorous risk management framework.

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€132.6bn
Fixed Income Assets Under Management

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138
Fixed Income Investment
Professionals

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19
Average Years’ Financial
Industry Experience

As at 31 December 2025

€132.6bn
Fixed Income Assets Under Management

136
Fixed Income Investment
Professionals

18
Average Years’ Financial
Industry Experience

As at 31 December 2025

Investment capabilities benefitting from:

  • A forward-looking approach that looks beyond benchmarks to put investor objectives at its core.
  • Collaborative teams that share and debate ideas globally but retain investment flexibility within a rigorous risk-management framework.
  • A range of actively-managed solutions from core bonds to multi-sector that reflects four decades of addressing clients’ evolving financial needs.

Featured strategies

Emerging Markets Debt Hard Currency

Seeking to capture market inefficiencies within emerging markets debt to generate alpha over the long-term.

Global High Yield

Aiming to access the total return potential of high yield bonds through a portfolio of diversified issuers, sectors and geography.

Investment Grade Credit

Our investment grade strategies combine top-down asset allocation with bottom-up, high conviction, ideas generated by our experienced sector specific credit analysts, predominantly focused on investment grade corporate bonds.

Insights

A combination chart with a line showing the cumulative balance sheet holdings of government sponsored enterprises on the first vertical axis and a bar chart showing the quarterly change on the second vertical axis. Across the horizontal axis are quarterly periods from 2015 to 2025. The cumulative level line starts at around US$6,500 billion and grows steadily to the first quarter of 2023 to around $US9,500 billion, after which it largely levels out. The quarterly change is generally around 50 billion for the first five years but jumps sharply in 2020 averaging around 150 billion until 2023 when it turns negative for a year before being mixed in 2024 and 2025.

Chart to Watch: Supportive action in mortgages

Exploring the dispersion in the loan market.

Election boosts Costa Rica’s “rising star” path toward investment grade

The election outcome therefore does not change already improving economic fundamentals for Costa Rica; rather, it makes the positive credit story more credible.

Asset-backed securities: How structural mechanisms shape investor outcomes

Today’s ABS structures provide better transparency and investor protections.

Institutional Insights
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