The Investment Strategy Group (ISG) brings together investment professionals from across the global fixed income platform and outside, providing a forum for research and debate on the key areas of Fixed Income Asset Allocation and Macro (rates/FX).

Due to coronavirus fears, March saw one of the fastest collapses in asset prices since the Great Depression, together with the swiftest-ever policy response to such a crisis. Is this peak panic and does it present a buying opportunity? The ISG met to discuss the recent sell-off and the potential opportunities and risks. We summarise the discussions and output on three key areas:

  • What are the risks?
  • Key signposts to become more bullish on the asset class
  • Relative value within credit

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