The key themes in global bond markets over the past month.
Kelly Gemmell, investment product manager, Vanguard Europe, examines how rising rates and heightened volatility are creating new risks—and opportunities—for active fixed income managers.
Sarang Kulkarni, portfolio manager, investment-grade credit, and Michael Pollitt, head of credit research, Europe, examine how central banks are navigating an inflation tightrope and what an energy price shock could mean for corporate bond valuations.
Watch the video to find out how Vanguard carefully selects managers whose principles and processes align with the objectives of the funds they manage.
There is a misconception that sustainable investing is purely values-based and that it could negatively impact financial returns. However, at Vanguard, we know that the same rules apply for active ESG strategies as they do for traditional active strategies; that without talent or an enduring advantage a portfolio manager is unlikely to outperform.
Vanguard invests considerable time, resources, and energy to ensure that our actively managed funds are in the hands of talented, world-class portfolio managers capable of producing value to investors over the long term. In this blog we explain the steps taken to identify fund managers who integrate ESG considerations into their investment research and decision-making processes.