Interest rates fluctuations, central banks’ decisions, forecasts for inflation - faced with the complexity of the bond markets, it is essential to draw upon the insights and judgement of market experts.
We draw on over 40 years' experience in Fixed Income, supporting the development of global companies by financing their debt. Our approach is both conviction- and innovation-driven.
Accordingly, our flexible and independent investment philosophy identifies opportunities for our clients to benefit from the key opportunities of this huge and complex asset class.
Thematic and product insights
19/06/2025
Reduced visibility on the global economic outlook in the current environment has tended to widen performance gaps between regions, companies and asset classes. This complexity is creating interesting pockets of differentiation, notably within bond segments - including emerging corporate debt.
Market insights
04/06/2025
The US administration is pushing the idea that the protectionist phase will end around the July 4th celebrations and that it will then focus on a programme of tax cuts and deregulation, which investors seem to believe in. The draft budget being drawn up in Congress does indeed raise hopes of a net fiscal stimulus of around 1% of GDP.
Thematic and product insights
15/05/2025
The corporate hybrid market, historically European centric, has reached the global
stage, providing investors and issuers once in a decade type of opportunities. This
asset class has taken off since 2012 and has become one of the fastest growing
credit segments. Ultimately, the instrument solved a real need for issuers: they could
now issue non-dilutive equity at a competitive cost, notably thanks to the tax deductibility of coupon in most jurisdictions. On the investor side, it also made sense
in a context of low interest rates in Europe following the debt crisis in peripheral
countries.