Seth Bernstein: Diversification via fixed income “if not dead, is in critical condition”

Seth Bernstein, the CEO of US$622 billion AUM asset manager AllianceBernstein, has opened the Fixed Income Leaders’ Summit US today, with an analysis of the challenges facing bond investment management and the changes necessary to overcome those challenges. Source: TheDesk “I am one of those people that does believe the diversifying role of fixed income…

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Russell Investments Survey: Fixed Income Managers Less Risk-Averse Despite COVID-19 Concerns

Russell Investments’ latest survey of fixed income managers found 50% expect the global economy to revert to pre-pandemic levels by year-end 2021, while 48% don’t expect it to revert before 2022. The 64 bond and currency managers who responded to the firm’s Q4 survey also indicate more appetite for riskier assets. The percentage selecting investment-grade…

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JPMorgan Asset Says to Pick Corporate Debt Over Stocks in Near Term

Investors should focus more on corporate bonds than stocks in the near-term given the recent resurgence in the pandemic and political uncertainty in the U.S., according to JPMorgan Asset Management. Source: Bloomberg There’s “room for more consolidation in global equities,” Tai Hui, the $2.3 trillion asset manager’s chief Asia market strategist wrote in a note….

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Buy Side Seeks Better Bond Data

 MiFID II best execution standards are forcing institutional investors to apply artificial intelligence to ensure they meet the growing demand for data and insight Source: MarketsMedia More than two-thirds of asset managers want to improve their data collection for bonds as regulations have introduced new transparency, reporting and best execution requirements. MiFID II, which came into…

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