Two words come to mind when describing bond markets: volatility and uncertainty. Yet, dislocation breeds opportunity for active managers like MFS.
Our whitepaper explores:
- Uncertainty isn’t in short supply — Macro uncertainty and market volatility are expected to prevail for some time due to ongoing events worldwide.
- Dislocation breeds opportunity — Active management is designed to take advantage of volatility and dispersion in the markets. The higher levels of starting yields and spreads offer the potential to generate long-term returns, especially in the context of a global fixed income mandate. It is imperative to maintain a strong focus on risk management.
- Anchored in fundamental views — As active investors, security selection is paramount. We aim to look through the noise and focus on the fundamental, valuation and technical factors.
Author:
Pilar Gomez-Bravo, CFA
Director Fixed Income - Europe - Investment Solutions, MFS Investment Management