Global fixed income looks good but we're not out of the woods

This Manulife income fund manager is optimistic, but increasingly tactical in a market with shorter trends and new challenges

Michael Ryval 28 March, 2019 | 2:00PM

The global fixed income environment, which proved challenging in 2018, has taken on a more positive tone, but key risks remain. U.S. fiscal policy and trade with China, as well as Brexit still weigh heavy on the market.

“As the [economic] numbers change, and they get positive, the Fed could be a question mark, as we go forward. That’s number one,” says Dan Janis III, head of global multi-sector fixed income, and senior managing director at Boston-based Manulife Asset Management.

“Number two is the trade-with-China deal. That has created a massive source of volatility through global markets. We do believe there will be some sort of watered-down agreement, not a full-blown solution, especially regarding technology. But there will be an agreement that will lessen the ability of the U.S. to put more tariffs on. That is a slightly positive factor.”

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

About Author

Michael Ryval

Michael Ryval  Michael Ryval, a regular contributor to Morningstar, is a Toronto-based freelance writer who specializes in business and investing.

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies