George Curtis, portfolio manager and member of the Multi-Sector Bond team at TwentyFour Asset Management, presents a broad overview of bond markets as we stand today. He covers all areas from high yield to government bonds and gives insights as to why the TwentyFour Dynamic Bond fund has been reducing exposure to both emerging market bonds and the high yield bond market, as well as the growing significance for ESG considerations within fixed income.

What’s covered in this episode: 

• Why 2022 was one of the worst years on record for global bond markets
• Three scenarios for global markets in 2023
• Why we should expect continued volatility for fixed income
• What investors can expect from high yield markets
• Why the team continues to reduce exposure to high yield bonds
• How a recessionary environment influences high yield bonds
• The attractions of European high yield over US high yield 
• Why investment grade bonds are more attractive than they’ve been previously
• The team’s preference for financial bonds such as banks within the investment grade space
• The extra benefits of government bonds, particularly US Treasuries
• The difficulty of navigating ESG in emerging market bonds
• How ESG considerations influence a bond’s interest rate

More about TwentyFour Asset Management:
TwentyFour Asset Management is an independent fixed income firm, founded in 2008 by a group of leading specialists. It offers highly transparent products that benefit from a rigorous detail-orientated investment approach to achieve superior risk-adjusted returns. The TwentyFour Absolute Return Credit, TwentyFour Corporate Bond and TwentyFour Dynamic Bond fund are all Elite Rated by FundCalibre.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.

For professional investors only. This content is provided for information purposes only and nothing contained within should constitute a solicitation, offer, or recommendation, to buy or sell any investment instruments, to effect any transactions, or to conclude any legal act of any kind whatsoever. Any companies, securities or funds discussed are for illustrative purposes only and is not intended to be a personal recommendation to buy or sell any company, security or fund, to effect any transactions, to adopt a particular investment strategy or to conclude any legal act of any kind whatsoever. Any projections, forecasts or estimates voiced are based on a variety of estimates and assumptions. There can be no assurance that the estimates or assumptions made will prove accurate, and actual results may differ materially. Past performance is not a reliable guide to future returns and there can be no assurance that investment objectives will be achiev

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.