Latest Blog: Two (Percent) is a Sad Num... - 09/21/2020
Investment Insights are written by Angeles' CIO Michael Rosen
Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, trader and academic.
An interesting graphic from Ken Leech of Western Asset showing that spreads in Bondland this year are pretty much unchanged from the start of the year. This, despite the rally in US equities and solid economic growth. Thus, Ken concludes, spread products remain attractive.
I agree. There are numerous risks in fixed income, but that’s often the case. An economy that suddenly slumps will likely cause spread widening (although likely offset by rising bond prices). An unexpected economic boom could push bond prices lower (but spreads should hold true, if not tighten). An environment of moderate growth and low inflation should be favorable to spread products. And that’s my view.PRINT THIS ARTICLE
Like Scary Nights at Universal Studios (where my daughter went this weekend), it really is scary out there. I Walked ...READ MORE
Fireside Reading 12-18-2019
To sit near a warm fire in a comfortable chair on a cold night is one of life's pleasures that I hope you will be able ...READ MORE
Markets have taken today's employment release as evidence of a weakeningjobs market. A mere 173,000 net new jobs were ...READ MORE
We build portfolios of best-in-class investment managers across all asset classes. If you would like to be considered for our portfolios, please contact us using our manager inquiries form.
- MANAGER INQUIRIES
How Can We Help You?Institutional Investors
Fully resourced investment office built to manage sophisticated client investment programsPrivate Wealth
Personalized discretionary portfolio and wealth management services powered by institutional processInvestment Management
Rigorous process and a flexible platform designed to meet client needsArticles & Insights
Latest insights and perspectives from the Angeles teamContact Us
Get in touch