FIXED INCOME

Flexible. Thoughtful. Connected.

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arrow Fixed Income

Alternatives

Multi-Asset

Capabilities Hub

Equities

arrow  Fixed Income

Alternatives

Multi-Asset

Our teams retain flexibility within a disciplined construct, resulting in individual strategies as well as custom-blended solutions – all within a rigorous risk management framework.

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€130.3bn
Fixed Income Assets Under Management

vd-icon_People_3_Group v3

136
Fixed Income Investment
Professionals

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18
Average Years’ Financial
Industry Experience

As at 30 September 2025

€130.3bn
Fixed Income Assets Under Management

136
Fixed Income Investment
Professionals

18
Average Years’ Financial
Industry Experience

As at 30 September 2025

Investment capabilities benefitting from:

  • A forward-looking approach that looks beyond benchmarks to put investor objectives at its core.
  • Collaborative teams that share and debate ideas globally but retain investment flexibility within a rigorous risk-management framework.
  • A range of actively-managed solutions from core bonds to multi-sector that reflects four decades of addressing clients’ evolving financial needs.

Featured strategies

Emerging Markets Debt Hard Currency

Seeking to capture market inefficiencies within emerging markets debt to generate alpha over the long-term.

Global High Yield

Aiming to access the total return potential of high yield bonds through a portfolio of diversified issuers, sectors and geography.

Global Investment Grade

Our investment grade strategies combine top-down asset allocation with bottom-up, high conviction, ideas generated by our experienced sector specific credit analysts, predominantly focused on investment grade corporate bonds.

View all fixed income strategies

Insights

Handyman tool kit on black wooden table. Many wrenches and screwdrivers, pilers and other tools for any types of repair or construction works. Repairman tools set

High yield bonds: Tools to potentially enhance returns during tight spreads

Are tight spreads justified and what tools can potentially help enhance returns?

Chart showing discount margin on European leveraged loans index between January 2025 and October 2025. It shows three lines, an orange line representing low beta loans, a grey line representing high beta loans and a blue line representing stressed loans. The vertical axis shows the discount margin ranging from zero to 18%, while the horizontal axis shows the dates from Jan 2025 to Oct 2025. The low beta line is rangebound around 4%, high beta is rangebound around 6% although there is a small spike up to almost 8% around 'Liberation Day' in April. The stressed line ranges from around 10% in February up to more than 15% in September.

Chart to Watch: Bifurcation in the loan market

Exploring the dispersion in the loan market.

Non-Agency Residential Mortgage-Backed Securities: A U.S. securitized products primer

What are non-agency residential mortgage-backed securities (RMBS), and how might they play a role in investors’ portfolios?

View all insights

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