Invesco Global Fixed Income Study 2019

Invesco’s second global survey sheds light on the sentiment and outlook of fixed income investors

Mar 18, 2019 | Invesco Fixed Income

Our second global fixed income study provides insights on the views, opinions and experiences of 145 fixed income specialists, across pension funds (both defined benefit and defined contribution), sovereign wealth funds, insurers and wholesale investors including private banks, diversified fund managers, multi-managers, and model builders.
 

With the end of the cycle considered to be in sight and some seminal changes to consider in relation to the construction of global fixed income assets and their role in wider portfolios, fixed income investors are facing more challenging conditions ahead.
 

2019 Key themes:

  • End of the cycle beckons 
  • Chinese fixed income allocations are on the rise  
  • Liability-driven & cashflow-driven investing 
  • ESG fixed income moves into the mainstream

Trade wars, Brexit, and other geopolitical risks are certainly on the radar, but for the most part our survey participants are focused on creating portfolios that are built for the long run and can look through such periods of volatility. A notable example of this is our analysis of investor views relating to Chinese fixed income, which we are looking at for the first time. Despite the potential for friction between the US and China, investors remain keenly interested in tapping into China’s economic and financial market potential — particularly North American respondents. Acknowledging that Chinese bonds are likely to see a gradual but steady increased weight in major fixed income indices, many asset owners are actively contemplating how to increase their exposure to Chinese fixed income.
 

Click Download PDF to read the full study
 

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