Ballie Gifford believes high yield investing warrants a long-term view. Lucy’s fund is built from the bottom-up, reflecting the future, not the past. This approach results in a formidable and diverse range of under-appreciated, resilient businesses that will adapt to our changing world, while delivering a sustainable income and attractive returns in the process.
Lucy Isles, investment manager, Baillie Gifford
Lucy joined Baillie Gifford in 2012, and is co-manager of the High Yield Bond Fund
As low yields continue to push investors into the margins of the fixed-income markets in search of yield, Mike will argue that high-quality, vanilla investment-grade corporate bonds continue to warrant a place in portfolios. Further, he will discuss how, with a focus on short duration, high-quality securities, investors can navigate an uncertain environment and receive a sustainable income with low volatility and an emphasis on preservation of capital.
Mike Count, senior fund manager, Canada Life Investments
Michael joined CLI 2004 and became a fund manager in 2007. He is now head of reinsurance and liquidity portfolios and co-manages two corporate bond funds.
In the current volatile climate, the dovish tilt by central banks has been enough to drive down credit spreads and sovereign yields to historical low levels within many OECD countries. In this presentation, Charles will argue that an unconstrained approach to global bonds is essential to generating performance while overcoming the risks of these currently expensive markets.
Charles Zerah, fund manager, fixed income, Carmignac
Charles joined Carmignac in 2010. Previously, he was with Crédit Agricole AM in London, where he was head of emerging market bonds.
Fixed-income investing in emerging markets has been rewarding from a diversification, income and total return perspective over longer periods of time. Yet, the client experience has often been challenging over shorter periods. In this presentation, Wim will explain why he believes there is a better way of approaching volatility by managing interest rates, currencies and credit.
Wim Vandenhoeck, senior portfolio manager, Invesco
Wim serves on the EM local debt and international bond strategies at Invesco. Previously, he was with Oppenheimerfunds, which merged with Invesco in May 2019.
In this presentation, Wolfgang explores how investors may look to broaden their horizons beyond the low-yield world they find themselves in with some examples of areas in which he currently sees value. An environment of slow yet positive growth has traditionally been supportive for investment grade credit, and Wolfgang will explain how, by adopting a nimble and flexible investment approach, investors can continue to identify attractive pockets of value.
Wolfgang Bauer, fund manager, M&G Investments
Wolfgang is manager of the M&G (Lux) European Inflation Linked Corporate Bond Fund and co-manager of the M&G (Lux) Absolute Return Bond Fund.
In this presentation, Javier will examine the opportunity set for bonds issued by supranational institutions in emerging market currencies, and the rationale for debt issuance. He will demonstrate why he believes that investing in supranational bonds offers diversification and a higher portfolio-level ESG score compared to traditional strategies. Lastly, he will explain why these bonds may be particularly attractive for ESG-aware investors.
Javier De la Vega Rodriguez, portfolio manager, Macquarie Sustainable Emerging Markets Local Currency Bond Fund
Macquarie Investment Management
Javier joined Macquarie in October 2017. Prior to that, he worked as a consultant for Capco between 2016 and 2017, and a project manager at Unicredit Bank Austria from 2014 to 2016.
In this presentation, Mark will explain how the combination of a macro investment focus, heavy asset allocation bias and aggressive short positioning has helped to distinguish the Merian Strategic Absolute Return Bond Fund from its peers. He will also discuss the fund’s investment process and how to position for the dramatic geopolitical changes that are occurring globally.
Mark Nash, head of fixed income, Merian Global Investors
Mark joined the firm in 2016, and is lead manager of the Merian Strategic Absolute Return Bond Fund. He was previously with Invesco AM, which he first joined in 2001.
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