Quick Take with Nick Hayes – September 2021
- 28 September 2021 (5 min read)
As a fund manager who can invest anywhere in fixed income, why is AXA IM’s Nick Hayes still advocating for government bonds? Most market commentators seem to feel yields can’t any lower from here but, in this video, Nick explains how positive technical factors mean the risk/reward outlook is actually skewed towards lower, not higher, yields. As a result he is comfortable maintain a somewhat non-contrarian stance on duration in his unconstrained strategy.
What is unconstrained fixed income?
This provides the potential flexibility to capitalise on opportunities across the fixed income spectrum as and when they arise.
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