December 2024
Summary
Clients often ask us which corporate sectors, credit tiers, or tenors of the yield curve our team finds attractive. These are reasonable questions routinely addressed by fixed income managers. We tend to reframe the premise when asked ourselves. Rather than assigning outlooks to categorized segments, we prefer to identify those segments where we see investment opportunity and to highlight overlapping traits among recent purchases. To some, this may appear to be a question of semantics, or it may seem that these answers should be equivalent; however, the original question assumes a certain level of nuance, and, to us, the distinction is important.
