Fixed income

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Insight offers a full spectrum of fixed income capabilities.
For Australian investors, we highlight our global credit, global aggregate and high income strategies.

Performance through precision and diversification

Insight’s fixed income investment philosophy aims to deliver consistent performance through precision and diversification.

By precision, we mean targeting only the risks we consider attractive, while aiming to eliminate unintended risks. Through diversification we seek to add value through actively managing risk and return potential across a broad range of investment opportunities.

Based on this approach, we aim to identify the most attractive risk-adjusted returns across the full range of fixed income opportunities, over a range of time horizons and market conditions. We believe integrating ESG considerations in fixed income investment processes, where possible and relevant, can support better investment decision-making and ultimately help our clients to achieve their desired outcomes.

We believe that precise risk-targeting and diversified sources of return can provide the potential for more consistent performance from fixed income portfolios.

Adrian Grey, Global Chief Investment Officer

1998

Insight launched its global sovereign strategy

2011

Insight launched its global credit strategy

2015

Insight launched its global aggregate strategy

161

Fixed income investment professionals globally¹

Global fixed income

Insight has years of experience investing in global fixed income markets. This experience is used for clients seeking a range of active solutions; from access to specific asset classes or aggregate strategies, to solution-driven and efficient-beta approaches.

Global credit Read more Read less

Global aggregate Read more Read less

High income Read more Read less

Our global credit strategy aims to generate returns ahead of the wider market, and has the flexibility to invest across investment grade and high yield corporate bonds, loans, asset-backed securities and emerging market debt.

LEARN MORE ABOUT OUR GLOBAL CREDIT APPROACH

Our global aggregate strategy pursues returns ahead of the wider market, and invests across government bond and currency markets, with some flexibility to invest in other fixed income sectors.

Insight's High Income Fund seeks to deliver attractive, consistent income with capital appreciation over the medium to long term by investing in a subset of the US High Yield market. The Fallen Angels index has an average rating of BB; provides opportunity for structural alpha and is broadly diversified. Our strategy uses a systematic, active approach to security selection, and an innovative credit portfolio trading approach to significantly reduce transaction costs and improve liquidity.²

Enhanced return through diversified sources of alpha
Established track record
Precision
Team structure
Process

Our strategies aim to outperform relevant global fixed income markets through active management of interest rate risk, by managing duration and yield curve exposures, and active management of credit risk, through sector and security selection.
Our expertise in actively managing portfolios in both government and corporate bond markets is demonstrated through our long-term track records.
The portfolio managers can target specific interest rate and credit risk characteristics through the use of derivatives, allowing for long and short exposure and a precise risk/return profile.
The team is stable and highly experienced, and includes specialists who invest across key fixed income asset class sectors.
We believe our strategies' investment process is robust and repeatable – our proprietary 'units of risk' model provides us with a consistent way to quantify and scale risk, enabling us to optimise the risk/return ratio in our portfolios.

A wide array of specialist strategies

Below we feature a few of our specialist fixed income strategies.

Our approach to systematic fixed income investing seeks to deliver consistent return outcomes by utilising what we believe is an innovative model-driven approach to unlocking value in inefficient bond market segments. We aim to achieve this within structurally inefficient sectors of the bond market, seeking to deliver greater consistency in long-term returns through enhanced liquidity and broad diversification.

Insight's High Income strategy is one of our Efficient Beta strategies. It applies a pioneering low-cost trading strategy to a subset of the US high yield market and seeks to deliver attractive income and preserve capital. It also applies a quality filter to seek better total and risk-adjusted returns with lower drawdown than the broad high yield universe.

Learn more about systematic fixed income

The emerging market corporate debt market is large, with a rapidly growing number of issuers, and most outstanding debt is rated investment grade. Yields are generally higher than for comparable developed market credits, presenting potential opportunities for investors.

Our emerging market corporate debt strategy takes a total return approach, dynamically allocating across the emerging market corporate high yield and investment grade spectrum, with active management through the interest rate and credit cycle.

Securities are selected utilising Insight’s rigorous credit research process, drawing upon fundamental country evaluation to focus on those companies underpinned by stable or improving economic conditions in their core business markets.

Our strategic credit approach is a long-term strategy with low turnover that seeks to buy and continually manage securities, relying on superior stock selection to achieve its objectives.

This seeks to help investors own and design the risk composition of their portfolio and achieve greater certainty of outcome – making the most of Insight's experience and resources, including our long-standing focus on environmental, social and governance (ESG) risk analysis.

Taxable US municipal bonds can provide non-US investors with greater credit resilience, improve credit quality while maintaining yield and present opportunities for higher risk-adjusted returns.

However, munis remain one of the most overlooked asset class for fixed income investors.

Insight’s highly experienced specialist munis team can help you add resilience to your portfolio via a focus on revenue bonds and help you add value by exploiting opportunities in a fragmented market.

Learn more about municipal bonds

If you require an application form, please contact: insightau@insightinvestment.com

Why Insight for fixed income

Peter Bentley, Global Head of Fixed Income at Insight Investment, lists the qualities and resources needed to give investors the best chance of succeeding in fixed income.

Why now for fixed income

The yield on many fixed income assets is currently comparable to the long-term return on equities. Damien Hill, senior portfolio manager at Insight Investment, tells why now is a fortuitous time to increase allocations to fixed income.

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