As the unprecedented cycle evolves, it continues to show the need for humility and an ongoing evaluation of non-consensus views. Although a series of secular shifts is contributing to the vast distribution of potential outcomes, one point is gaining focus—public fixed income will offer ample value when it’s time to embrace risk.
For views on how markets may interpret upcoming developments, Robert Tipp, CFA, Chief Investment Strategist and Head of Global Bonds, examines four unfolding issues and their significance for fixed income investors in “Bridge over Fears.”
The macro backdrop warrants caution. In “Turning Darker in Q4 Before the Dawn,” Daleep Singh, Chief Global Economist and Head of Global Macroeconomic Research, looks at the potential path for central banks as they attempt to stabilize their respective economies.
Our portfolio managers subsequently indicate how these themes—including their pertinence to ESG factors—influence the risks and opportunities within their respective sectors.