Portfolio Portrait is designed to help financial professionals cut through market complexity and identify portfolio positioning opportunities.
Insights
Our latest thinking on the themes shaping today’s investment landscape. Explore timely updates, quarterly features and in-depth analysis straight from our experts.
Private markets have been viewed as a source of diversification and income, but recent performance is prompting a closer look at liquidity, structure, and inflation sensitivity.
With credit spreads at historic tights and rates moving higher, investors should focus on resilient yield, as there is limited room for price appreciation.
In contrast to many securitised credit sectors, the US Agg captures very little credit spread income relative to its duration.
Reflecting on potential opportunities caused by recent bond market repricing.
Allocating to Collateralised Loan Obligations (CLOs) opens up access to diversification and defensive income. How do CLOs work and what can history tell us about the asset class?
AI is driving dispersion in software. We analyse where CLO managers’ views are broadly aligned, where they diverge, and why active CLO manager selection remains key as bifurcation in the loans market continues.
BBB CLOs combine income, structural resilience and diversification benefits, offering an alternative way to reshape credit exposure for a late‑cycle environment of tight credit spreads.
Investors concerned about high concentration in US stocks should look elsewhere to achieve better portfolio diversification.
What are non-agency residential mortgage-backed securities (RMBS), and how might they play a role in investors’ portfolios?
Investors with a narrower focus are missing out on the benefits of diversification.