Insights for professional investors
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Insights for professional investors
Central banks are still stuck between interest rates and inflation. However, the central banks, including ECB, seem to be nearing the end of the interest rate hike cycle. What does this environment mean for bond investors? In our web conference, we take a look at the challenges and opportunities in today's bond market.
Exclusively for institutional and professional investors from Austria, Germany and Switzerland.
All presentations will be held in English.
Thu, 15. June 2023
Start of event
Past year was challenging for the whole fixed income universe, and green, social and sustainability bonds were no exception. Especially, the long-duration nature of the asset class resulted in underperformance in 2022. We might be close to reaching peak policy rates in Europe, making this an attractive moment to start adding longer-duration securities such as sustainable bonds to investor portfolios.
Fixed income markets have been hit hard by rising interest rates in the last 18 months. This phase has shown again the benefit of using a wide array of fixed income risk premia including liquidity risk premium. In his presentation Stefan Waldenberger will discuss the advantages and necessary prerequisites of such an approach.
Despite the uncertainty on global growth, valuation looks compelling, with spreads at reasonable levels and fundamentals remaining solid. Fabio Vanerio will talk about how their current positioning favours Tier 1 European banks with strong capitalisation, high - quality and defensive corporate credit as well as BBB CLO tranche, with their strategy yielding more than 8% in EUR.
End of event
David Zahn is the senior vice president and head of European fixed income for Franklin Templeton's Fixed Income Group. He is responsible for leading the management of UK and European fixed income strategies and is the Head of Sustainable Investing.
Stefan Waldenberger is Fund Manager at KEPLER. He has been working in the investment fund industry since 2008. Waldenberger has university degrees in economics and applied mathematics. Since finishing his doctorate in financial mathematics in 2015 he is managing fixed income funds for KEPLER.
Fabio Vanerio has 20 years of fixed income experience, amongst others with Moody’s, Hermes, and Cairn Capital. He joined RAM Active Investments in 2021 and is the lead advisor for RAM Strata Credit Strategy. In his current role, he advises on fund asset allocation across credit strategies and credit selection within each sleeve.
Thomas Schalow is the CEO of Capitalmarkets.net. He has over 25 years of experience in investment management, including various management roles at international investment firms. He publishes on financial topics and regularly moderates investment events.
