FIXED INCOME

Flexible. Thoughtful. Connected.

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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$153.1bn
Fixed income assets under management

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136
Fixed income investment
professionals

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18
Average years’ financial
industry experience

As at September 30, 2025.

Investment capabilities benefiting 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

JAAA

AAA CLO ETF

Provides exposure to the high-quality, floating rate CLO market in a liquid, transparent manner.

JMUIX

Multi-Sector Income Fund

For investors seeking a steady stream of high income with lower risk than a dedicated high-yield strategy.

Insights

Do AAA CLOs still make sense in a declining rate environment?

Why we believe the strategic case for AAA CLOs remains compelling amid Fed rate cuts.

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.

Advisor insights
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