The perception and the reality of portfolio diversification can turn out very different in adverse market environments.
Liquidity often gets little attention until something goes wrong … and in March 2020 things certainly went wrong.
Government bond markets are now at the precipice of a paradigm shift.
For several decades now, the correlation between asset prices has generally been increasing.
How can a negative yield bond deliver a positive return, or a positive yield bond deliver a loss?
The ‘repo market’ – has received an unusual amount of attention since the latter part of 2019.
To properly assess performance the underlying drivers of return must be understood, including the types of risk to which a portfolio is exposed.
Fixed income market inefficiency creates a vast and diverse range of mispricing opportunities that ‘relative value’ specialists can exploit.
In this podcast Portfolio Manager, Gopi Karunakaran, speaks to Alan Kohler about the Ardea Real Outcome Fund and how it operates.
2019’s rampant bond rally came to a halt this month as bond yields rose, causing bond prices to fall across most major bond markets.