Fran has fixed income on his mind. He has spent more than 20 years trading and managing risk in fixed income investment strategies, with a specialty in emerging market and high yield bonds. He looks for ways to provide investors with access to the fixed income markets in an intelligent and cost-effective way, particularly segments that may be more difficult to access.
We believe the current yield pickup, potential for currency appreciation, relative stability and diversification potential provide support for Chinese domestic bonds.
This podcast examines how the fallen angel bond universe compares to broad high yield, how they fit in a portfolio and what to expect amid the wave of downgrades this year.
Like most credit oriented sectors, emerging markets high yield corporate bonds have rallied in recent months, and we believe an attractive opportunity remains in this asset class.
We expect EMFX to be the dominant driver of returns for the remainder of the year, and although further volatility is expected, we believe there is a strategic case for an EMFX recovery.