Within Fixed income, there are two well-known levers, duration and credit. In addition, there is also a lesser known third lever, Pure Relative Value investing. This third lever provides compelling diversification benefits when blended with duration and credit.
In this episode of ESG in 10, Charlotte O’Meara is joined by Gillian Jago, Senior Trader at Ardea Investment Management, to explore the dominance of Europe in sovereign green bond issuance amid a global slowdown.
Europe continues to dominate in the green bond space in 2023, with most green bonds issued either by a European name or denominated in EUR.
March was eventful in markets. The collapse of SVB, forced merger between Credit Suisse and UBS and pressure on other banks was a major shock for investors.
An already tough year for markets has worsened over the last month. In this latest Market Musings, Ardea IM discuss recent market trends, the UK sell-off, and their outlook for inflation.
This article offers some frameworks for thinking about duration in the context of current market dynamics and a multi-asset portfolio.
In this third note in a series of primers, we outline key introductory concepts in swap markets with a focus on relative value (RV) investing.
In this note, Ardea IM takes a closer look at the risk and performance of major types of fixed income strategies across varying market environments.
Ardea IM discuss the slowing global economy and outlook for bonds as volatility remains elevated.
Ardea IM discuss heightened recession risk pricing, consolidation in bonds and why tail risks are substantial in both directions.
