The unexpected and sharp surge in inflation, starting in 2021, led to a near unprecedented crisis and draw-down in global bond markets across maturities and rating classes. In general terms, the asset class also failed to live up the diversifier profile its intended to have vis-à-vis riskier assets in a portfolio. That was the past, however, and Fixed Income investments should yet again be on top of an allocator’s mind. There are currently many interesting investment possibilities, but the opportunity set in certain strategies does quite frankly look exceptional!
