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News and Views - February Newsletter

Atlanticomnium’s Romain Miginiac suggests several areas of the subordinated debt market look attractive heading into 2021, both from an income and upside potential perspective.

Welcome

We believe there is value available to investors in both developed and emerging markets, across a diversified range of fixed income strategies
Rob Bailey, Head of UK Wholesale Distribution

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If you have further questions on our Fixed Income offering or any of GAM's strategies, please contact us here.

 

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INVESTMENT IDEAS

For over 30 years GAM has specialised in fixed income strategies. Over this time we have seen the asset class evolve significantly, and as times have changed, so has our offering. Our capabilities in this area allow our clients to access the most sophisticated strategies available.

Our in-house and external managers have built up enviable track records across fixed income asset classes. We offer a wide range of fixed income funds with a variety of objectives and risk profiles to suit your investment goals.

Gregoire Mivelaz
Fund Manager, Atlanticomnium SA
Tom Mansley
Investment Director

REASONS TO INVEST

High income

We believe absolute and excess yield levels remain elevated, both within a historical and the current cyclical context, while inflationary pressures remain contained.

Cheap valuations

In our view, the asset class is oversold and under-owned, both from a fundamental, valuation and market technical perspective, offering compelling entry levels to investors.

External re-balancing

EM trade and current account balances are back in positive territory, empirically a strong cyclical support to asset class returns.

Growth rebound

The EM growth cycle ex-China has turned; the growth differential to developed economies is set to widen and EM assets should outperform.

This engaging panel discussion looked at on where to find attractive yield opportunities in 2021. At a time of ultra-low interest rates and government bond yields, finding opportunities in fixed income is more challenging than ever.

Atlanticomnium’s Romain Miginiac suggests several areas of the subordinated debt market look attractive heading into 2021, both from an income and upside potential perspective.

EVENTS

GAM has a wealth of insightful thought provoking events. Keep an eye on the events section below, in order to register for the 2021 events we have in the pipeline, or even to catch up on previous events you may have missed.

INSIGHTS

Our investment specialists are among the brightest minds in the industry. Please click on the insights below to learn more about their views on markets and asset classes.

Investment Blog
UK interest rates left unchanged at 5.25%
20 June 2024

Path set for August easing but market concerns over Labour government spending may pressure sterling and ‘import’ inflation

Investment Opinions
Don’t overthink the US election
19 June 2024

Five months ahead of the US election, the socio-political discourse has rarely been more fraught. For investors, the connection between politics and markets is natural, but evidence points to markets continuing to be largely agnostic.

Active Thinking
Active Thinking: EMs ride the tide
17 June 2024

Why EM bonds could ride the crest of a wave as inflation eases.

Investment Blog
Fed leaves interest rates unchanged, as expected
12 June 2024

Amid inflation outlook uncertainty, official guidance now points to only one cut in 2024.

Investment Opinions
Decarbonising Europe - how net zero is energising European equities
06 June 2024

Delivering on net zero commitments by 2050 will be very challenging, affecting every industry and requiring vastly more resources than many policymakers appreciate, or will admit to their electorates. But for investors, the ambitious drive towards decarbonisation is presenting compelling opportunities across a range of European companies.

Newsletter Archive

CONTACTS

Disclaimer: Past performance is not an indicator of future performance and current or future trends. The indications could be based on figures denominated in a currency that may be different from the currency of your residence country and therefore the return may increase or decrease as a result of currency fluctuations. Capital at risk: all financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. Any reference to a security is not a recommendation to buy or sell that security.