Investing in Fixed Income

We cover a broad spectrum of fixed income strategies to help investors build diverse portfolios that can be more resilient to economic and market shifts.

Fixed income in numbers 1

€477 bn
of assets
c.100
fixed income professionals
25 + years
experience in fixed income

Our approach to fixed income

Fixed income can help preserve capital, generate regular income from coupon payments on fixed rate bonds, and help to offset market fluctuations over time. It can also provide diversification in a portfolio that includes other asset classes, including generally riskier ones, like equities.

Weather economic ups and downs

We've managed fixed income portfolios through economic ups and downs for decades. Our global team of local experts draw on our robust research capabilities and have extensive experience in monitoring risk.

Multi-tiered risk approach

We understand credit, interest rate, inflation, liquidity, and market risks, and we manage against them with the aim of delivering favourable results over the long term.

Backed by research

We use global macroeconomic insights, bottom-up company credit analysis, and an assessment of ESG factors to navigate the increasingly complex fixed income market.

Full spectrum investing

We offer a comprehensive range of strategies spanning the whole spectrum of the fixed income universe across developed and emerging markets, government and corporate debt, and investment grade and high yield markets.

Flagship strategies

We actively manage investments for our clients, with the aim of delivering positive total return or outperforming market benchmarks.

Our full offering

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We offer a range of actively managed and passive investments for our clients. Our actively managed strategies aim to delivering positive total return or outperform market benchmarks.
Our offering

We combine deep, local market expertise with top-down, macroeconomic research to create a robust, repeatable investment process that's been tested throughout the credit cycle. Our portfolio managers have access to all this research, and the expertise of our trading and engineering teams, at all times.

Our offering

High yield bonds typically offer investors higher income to compensate for the risk of the lower credit rating and, as such, offer investors a higher risk, higher return option than more traditional fixed income markets. We believe that the key to achieving potential attractive returns within high yield is to compound income and avoid capital loss.

Our offering

Short duration bonds are ideal for conservative investors looking for quicker returns to reinvest. We generally invest in bonds with maturities of five years or less and seek to capture high current income with low overall volatility.

Our offering

We aim to deliver portfolio performance with a low correlation to both interest rate and credit risk. We avoid benchmark allocations – instead, we invest across defined risk buckets and seek returns from a diverse set of fixed income strategies.

Our offering

Over time, rising prices can erode the value of savings and investments. Inflation-linked bonds are fixed income securities designed to limit the impact of inflation on investors’ capital by linking the bond's principal and interest payments to a measure of inflation.

Our offering

Our ETF range encompasses both active and passive fixed income options, including ones with a sustainable approach, to enable you to efficiently broaden your fixed income investment options.

Our offering

We have a diversified and active approach to capturing opportunities in global fixed income, with the aim of outperforming an aggregate benchmark. The strategy is managed by a dedicated team with over 25 years’ experience in aggregate investing, who are supported by specialised, local credit teams.

Our offering

We seek highly rated bonds with the potential to add valuable portfolio diversification. We actively manage the asset allocation according to the investment teams' judgement based on our strong research capabilities, with the aim of generating repeatable performance over the economic cycle.

Our offering

Our Buy and Maintain strategy aims to mitigate downside investment risk through a high level of diversification across sectors, regions, and issuers.

Our offering

Emerging markets are quickly becoming drivers of global growth and are home to some of the world's most innovative companies. Our emerging markets team focuses on income generation, while attempting to mitigate risk, and aim for attractive returns through a conviction-based, long-term investment approach.

Our offering

Increased liquidity in portfolios can help to ride out economic uncertainties. We've run cash portfolios for 25+ years, with rigorous liquidity management as a key priority. We also ensure diversity of issuers, sectors, countries, and maturities.

We believe our extensive experience and expertise helps us identify opportunities and be adaptable to fast-changing markets.
Marion Le Morhedec Global Head of Fixed Income
ESG

Responsible Investing

We believe that by building a powerful understanding of ESG risks and opportunities into an investment, we can better target sustainable returns while contributing to better outcomes for people and the planet.

Find out more

Meet the team

Marion Le Morhedec
Global Head of Fixed Income
Boutaina Deixonne
Head of Euro IG and HY Credit
Mike Graham
Head of US High Yield
Nicolas Trindade
Senior Portfolio Manager
Johann Plé
Portfolio Manager
Lionel Pernias
Head of Buy and Maintain, London
Nick Hayes
Head of Total Return & Fixed Income Asset Allocation
Frank Olszewski
Head of IG Active US Credit, AXAIM Core
Jérôme Broustra
Head of Fixed Income Global Rates
Magda Branet
Head of EM & Asian Fixed Income
David Fourgoux
Co-Head of US IG Credit
Mikael Pacot
Head of Money Markets and Euro rates
Thomas Coudert
Head of Sustainability, Core Investments

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