Buy and Maintain Credit Webinar: Market update and portfolio actions
Key take-aways:
- UK government debt (gilts) suffered a sharp repricing following a government mini budget which implied heavy additional borrowing and the prospect of steeper rate increases
- Despite extreme bond market volatility, we were able to help all our UK defined benefit pension fund clients who required rapid access to cash to make the required collateral calls
- We think this experience demonstrates how a thoughtful long-term credit strategy could provide both hedging characteristics for pension scheme liabilities and growth potential
Gilt trip: Lessons for institutional credit investors from a UK liquidity crisis
Read on about potential opportunities for long-term credit strategies.
Read the full write-upDisclaimer
This document is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments as per MIF Directive (2014/65/EU), nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.
Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.
Risk Warning
The value of investments, and the income from them, can fall as well as rise and investors may not get back the amount originally invested.