Bonds - Opportunities to come knocking

The September quarter delivered further turbulence across markets, driven by renewed falls in commodity prices, persistent concern around a Chinese hard landing – helped by the RMB devaluation – and (putting these two together) growing anxiety about emerging market economies. Uncertainty about Fed tightening and its impact on both economic outcomes and market liquidity conditions frayed market nerves, and continues to do so beyond the FOMC’s September meeting ‘pass’. Credit spreads moved meaningfully wider, especially on lower-rated global bonds, while sovereign yields fell. Australian bonds outperformed most global peers. Preserving capital as markets adjust is a priority. Stuart Dear, Fund Manager, Fixed Income, discusses how the portfolio is well positioned to continue to provide defensive absolute outcomes and be able to take advantage of the developing opportunities in “The Fix: Opportunities to come knocking” (VIEW LINK)

Established in 1961, Schroders in Australia is a wholly owned subsidiary of UK-listed Schroders plc. Based in Sydney, the business manages assets for institutional and wholesale clients across Australian equities, fixed income and multi-asset and...

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