Not just about duration: the benefits of a multi-factor approach to fixed income

Not just about duration

Duration is a key consideration for bond investors; but it's far from the whole story, argues James McAlevey, Portfolio Manager, AIMS Fixed Income and Target Return funds. He says the bond market is a vast and varied place. It has a multi-factor opportunity set, and does not purely depend on the sensitivity of an asset's price to movements in interest rates - i.e. duration.

Read More