TwentyFour, Vontobel’s boutique, will present the virtues of fixed income to stop being conceptualized as a defensive measure in 2023 during its conference at the VIII Society of Funds Investment Summit.
During the event, which runs from October 5-7, David Norris, Head of U.S. Credit at TwentyFour AM, “will discuss the attractiveness of fixed income and how investors might not need to embrace the full volatility of equity markets to experience strong returns.”
The presentation “Late Cycle Investing and the Value Fixed Income” will discuss that with wide spreads and interest rates likely to stabilize in 2023, “the role of fixed income has the opportunity to shift from what has historically been viewed as a more defensive position, to a better option for those seeking less volatility and better predictability.”
“With yields high and the historical profile of bonds being that of a lower volatility instrument, investors are being presented with an attractive point of entry and an alternative to traditional equities as we wait for this phase of the economic cycle to play out,” the firm says.
David Norris
David joined TwentyFour in September 2018. Based in the New York office, he serves as the Head of US Credit as well as one of the portfolio managers of the Strategic Income Team. He is a credit specialist with 30 years’ experience in fixed income markets gained across a variety of senior roles in asset management and investment banking in London, Frankfurt and New York.
