The Case For Relative Value Remains Strong
It has been a challenging year for investors. Safe-haven assets, particularly longer dated government bonds, have suffered spectacular losses and while equity markets on average…
Market Insights
Article 8, Promoting Environment & Social Characteristics
Since the European Union’s Sustainable Finance Disclosure Regulation (“SFDR”) came into force in March 2021, asset managers have been required to provide more information on the sustainability risks and impact of their investment products sold in the European Union.
ESG in 10 | Episode 9 – The Australian Green Bond Program, with Ardea
After many years of limited activity on green bonds in Australia, we have seen a number of developments in this space recently, with the announcement of the Australian Government issuing a green bond.
Market Musings: The Tipping Point?
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.
5 Key Themes for 2023
This note discusses the substantial risks around consensus views and highlights 5 key themes that will impact global interest rate markets in 2023.
Market Musings: Stretched to Breaking Point
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.
From Macro to Micro: The Implications of High Volatility for Interest Rate Relative Value
Global fixed income markets have experienced a massive correction this year. Aggressive central bank rate hikes, surging inflation and weaker global growth have driven double-digit losses for duration and credit heavy portfolios.
5 Key Questions on Duration
This article offers some frameworks for thinking about duration in the context of current market dynamics and a multi-asset portfolio.
A Primer on Interest Rate Markets and Relative Value – Part 3: Swaps
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.
How are fixed income strategies impacted by the market environment?
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.