ESG and long-term themes
In this blog, we provide an example of our cross-asset research on the potential investment risks posed by the PFAS group of chemicals (per- and polyfluoroalkyl substances), which has raised important points for us to consider across our actively managed portfolios, and highlighted areas of potential concern for the future.
The return investors expect for accepting credit risk is often thought of as the credit spread, minus the cost of downgrades and defaults. But that neglects the significant benefits that can come from credit spreads tightening as bonds get closer to maturity, also called credit rolldown.;
A great advantage in managing money is having the ability to wait: avoiding a situation where you have to invest. This means you can pass on an investment idea simply because it doesn’t look interesting enough and wait for truly great opportunities. American baseball fans call this “waiting for the fat pitch”.;