L&G Talks Asset Management

What does it mean when we say an active fixed income strategy is “unconstrained”? What difference does it make when a fund is not tied to a benchmark? And what is it about the present moment that could make this an attractive option for navigating market volatility?

To answer these questions and give his insights into what could determine performance in fixed income for the rest of the year, this week we’re joined by Enda Mulry, Portfolio Manager in our Global Bond Strategies team.

This episode is hosted by Andrew Lowry, European Content Manager.

For professional investors only. Capital at risk.

This week, we tackle part of the private credit universe that doesn’t
often get much airtime. That’s ‘crossover credit’ – or in other
words, the part of the market that sits between investment-grade and
sub-investment-grade credit.

Talking us through this episode is Stu Hitchcock, L&G’s Head of
Private Credit Portfolio Management. Stu addresses the size of the
crossover market, the types of deals that may utilise this form of
credit and how it may fit into a portfolio.

Asking the questions is Nick Jardine, Content Manager for L&G’s
Private Markets platform.

All data is sourced internally from L&G as of June 2025, unless
otherwise states.

For professional investors only. Capital at risk.

Source: Moody’s Annual Default Study, 2023. Based on issuer-weighted average
default rates and issuer-weighted senior unsecured bond recovery
rates, from 1983-2023.

What is a money market fund? Why do investors use them? And how might the path of interest rates, technological change and regulation affect the outlook for these funds?
Our guest for this podcast is Ross McDonald, a Liquidity Investment Specialist at L&G, to learn more about this sometimes overlooked – but crucial – part of the investor’s toolkit.
All data is sourced from Bloomberg as at 22 May 2025 unless otherwise stated.
For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market.

Ben Bennett, Head of Investment Strategy Asia, shares his thoughts on the rebound in risk assets following the preliminary US/China trade deal. Also up for discussion are the rapid repricing of the Hong Kong dollar and what April’s inflation surprise in the UK means for the path of interest rates.

All data is sourced from LSEG as at 21 May 2025 unless otherwise stated.

For professional investors only. Capital at risk.

2025’s macro turbulence has been well documented; but is there opportunity among the uncertainty?

As we approach the year’s halfway point, we look at what the economic environment means for private markets, looking at where we stand now and what may lie ahead in the medium term.

We’re joined by Rob Martin, Head of Investment Strategy and Research for L&G’s Private Markets platform, and Lushan Sun, Head of CrossAsset Research. Asking the questions and hosting is Nick Jardine, Content Manager for L&G’s Private Markets Platform.

This podcast was recorded on 16 May 2025.

Sources:

L&G, as of May 2025

MSCI, as of May 2025

Mckinsey & Co, as of January 2023

Preqin, as of May 2025

For professional investors only. Capital at risk. 

For illustrative purposes only. Views expressed are of L&G as at 15 April 2025. The information in this podcast is for information purposes only and we are not soliciting any action based on it. It is not a recommendation to buy or sell securities or pursue a particular investment strategy. It is not investment, legal, regulatory or tax advice. 

Ben Bennett plots the path of interest rates in the US and UK, examines the factors driving the equity market rebound, and explains why possible tariffs on non-US films could have ramifications far beyond Hollywood.

All data is sourced from LSEG as at 6 May 2025 unless otherwise stated.

Taiwan dollar move source: Taiwan dollar's record rally is a trade-war tremor | Reuters

For professional investors only. Capital at risk. Securities mentioned for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.

Following the publication of a major new research paper, Raj Shah, a Senior Quant and Factor Strategist within our Index Solutions team, delves into the question of whether factor portfolios can be decarbonised without losing their underlying risk and return characteristics. 
This podcast is hosted by Harry Brooks, European Content Manager.
For professional investors only. Capital at risk. It should be noted that diversification is no guarantee against a loss in a declining market. There is no guarantee ESG targets will be achieved.

In another week of volatility for US assets, Ben Bennett dissects the market reaction to frictions with the Fed, considers the path of the dollar, and shares his verdict on whether the era of American exceptionalism is at an end.

All data is sourced from LSEG as at 21 April 2025 unless otherwise stated.

For professional investors only. Capital at risk. Securities mention for illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an L&G portfolio. The above information does not constitute a recommendation to buy or sell any security.

At the beginning of the year, a narrative of US exceptionalism was the consensus among many market participants.

However, significant policy uncertainty emanating from the Trump administration has driven a significant rotation away from US risk assets and sent shockwaves around the global economy.

What can investors conclude from the turbulence of the first quarter of 2025 - and what does this all mean for American fixed income? This week, we're doing a deep dive to answer these questions and more.

This episode is hosted by Andrew Lowry in London; he is joined by Jason Shoup, CIO and Co-Head of Global Fixed Income, and Anthony Woodside, Head of Multi-Sector Fixed Income & Investment Strategy, both at the Chicago office of L&G's Asset Management division.

This podcast was recorded on April 15 2025.

For professional investors only. Capital at risk.

In this episode, we explore Defined Contribution (DC) investments and the changing reality of retirement. Our DC Head of Clients, Jayesh Patel, and clinical psychologist, Dr Emma Hepburn, join us to discuss the gap between retirement expectations and retirement realities.

For professional investors only. Capital at risk.