Bright Spots, Macro Risks, Credits & Currencies: Fixed Income Outlook 2020

Why Elaine Stokes, Co-Head and Portfolio Manager of Loomis, Sayles & Company’s Multisector Full Discretion Team, is cautiously opportunistic and sees value plays for 2020.

Elaine Stokes, Co-Head & Portfolio Manager, Multisector Full Discretion Team, Loomis, Sayles & Company is cautiously optimistic about investing across global fixed income markets in the new year. See why:

  • Select value opportunities in areas of the market that have witnessed volatility and liquidity, including CCC credits in the high yield market and bank loans
  • Central banks’ monetary policy missteps is a top global macro risk
  • Credit fundamentals bear watching, especially in late, late cycle
  • Small pockets of value seen in emerging market debt
  • Growth favors the US, and a strong US dollar among world currencies
← More 2020 Outlook Insights
All investing involves risk, including the risk of loss. Investment risk exists with equity, fixed income, and alternative investments. There is no assurance that any investment will meet its performance objectives or that losses will be avoided. Past performance is no guarantee of, and not necessarily indicative of, future results. This video is provided for informational purposes only and should not be construed as investment advice. The views and opinions expressed are as of November 14, 2019 and may change based on market and other conditions. There can be no assurance that developments will transpire as forecasted, and actual results may vary.

Risks:
Bonds may carry one or more of the following risks: credit, interest rate (as interest rates rise bond prices usually fall), inflation and liquidity. Below investment grade bonds may be subject to greater risks (including the risk of default) than other fixed income securities.

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