China risk goes beyond trade wars
The China economic slowdown story had been building behind the scenes long before markets decided to focus on trade hostilities with the US.
Messy end to ’18 returns focus to fundamentals
Recently in the AFR, Tamar Hamlyn discusses how the past weeks and months have seen financial markets approaching the year-end period with decidedly less lustre than investors might like.
Conventional fixed income is not doing its job
Conventional portfolio construction assumes that governments bonds will diversify equity risk. The theory is that when equities fall, bond yields decline, resulting in capital gains on bonds that help offset equity losses. The problem is that it’s not working that way in practice.
Volatility strategies are reliable risk diversifiers
The large and liquid universe of global interest rate options offers an impressive set of tools from which volatility strategies can be constructed. This article discusses how volatility strategies are reliable risk diversifiers.
Just how defensive is your portfolio really?
In this Livewire Exclusive video, Gopi Karunakaran urges investors to question just how defensive their portfolios really are.
The most important chart you’ve ignored
We discuss which chart we are watching closely and what it means to us and investors.
Low yields + rising volatility = a toxic combination for bonds
Recent volatility in Japanese government bonds (JGB) highlights the fact that government bonds aren’t so ‘safe’ when yields are very low.
Early Warning Indicators
Continuing the theme of tightening liquidity, Italian govt. bond markets are noteworthy as an early warning indicator.
Bond issuance to underpin rising market opportunities
Following the budget announcement, we discuss why the current environment places Ardea IM well to continue to identify and exploit inefficiencies in fixed income markets to generate positive investment outcomes for our investors.
The FED Goes From QE To QT
The FED has announced its much anticipated plan to start gradually shrinking its balance sheet.