CFA Fixed-Income Management Conference
Bank of America Merrill Lynch macro-economist Karin Kimbrough explores a world where all the old symmetries of monetary and fiscal policy have evaporated.
Dan Fuss, CFA, vice chair of Loomis Sayles, has always encouraged analysts and portfolio managers to think broadly about their approach to investment analysis. He provided a global analytical framework through his four Ps — peace (or lack thereof), people, politics, prosperity, and adding perhaps a fifth P for policy and the evolving role of central banks — at the 2015 CFA Institute Fixed-Income Management Conference.
There is still time for the US Federal Reserve to raise interest rates in 2015, but at last month's CFA Institute Fixed-Income Management Conference in Boston, several speakers noted that "boosting rates for the first time in nearly a decade is hard — and getting harder with each passing month."
What sort of current values are available to credit investors? Carl L. Eichstaedt III, CFA, a portfolio manager at Western Asset Management Company, identified four segments of opportunity.
Investing is always full of uncertainty, but 2015 is shaping up to be a year of paradigm shifts for fixed-income investors.