Fund Idea As the 'transitory inflation' narrative peters out | FSMOne SG - Research Highlights
Fund Idea
As the "transitory inflation" narrative peters out, what's next for fixed income?
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• 3Q saw Treasury Yields shoot up as the Fed announced its tapering plans and supply chain disruptions triggered significant inflationary pressure.
• As a result, Global Bonds fell -0.37%, while US High Yields were the key beneficiary, rising 0.91%.
• On aggregate, fixed income funds on our platform fell by -1.51%, largely due to the Evergrande induced selloff in the Asian High Yield sector, which lost -6.11%.
• With inflation and rising rates looming, duration management remains key, and we have highlighted three funds for investors to consider.
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