Rising rates in the second half of 2023 put a damper on fixed income’s resurgent performance as the asset class came off a long era of low rates. The Fed will change direction at some point and that could lead to a positive turn for bond returns, but we’re nowhere near a ‘return to the norm.’ Further steepening of the inverted yield curve could mean lower risk-adjusted returns for longer maturities versus shorter ones. The only certainty for institutional investors: there is an ongoing macro, geopolitical, and market uncertainty — and that prudent positioning in fixed income needs regular reassessment of fixed income to deliver portfolio targets.
P&I’s Fixed Income & Credit conference will bring together a pan-institutional group of asset allocators to discuss a range of approaches to fixed income across the public and private markets. Whether for income generation, defensive or, increasingly, return allocations, asset owners and industry providers will share their timely and forward-focused strategies.
AGENDA HIGHLIGHTS
Macroeconomic
Update
Where are we in the credit cycle and which macro factors are having an outsize influence on portfolios?
Portfolio
Allocations
What does the optimal mix of traditional and alternative fixed income look like today?
True
Diversification
What does true diversification in fixed income look like today?
CHICAGO, IL - September 24, 2024
NEW YORK, NY - September 26, 2024
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