Harvey Bradley, Co-Head of Global Rates, Insight Investment | Harvey discusses how investors need to evolve their approach when investing passively into fixed income markets and highlights the need to be intentional with benchmark selection and deliberate in portfolio construction, to achieve success. He also examines the implications of the declining demand for US Treasuries, the rapid growth of private credit and the longevity of US exceptionalism. With the return of volatility in the macroeconomic and geopolitical environment, Harvey shares how active managers can capitalise to outperform passive strategies. Listen to the full interview which covers: - Passive investing has been popular in public equities, how do investors need to evolve their approach when investing passively in fixed income markets to achieve success? - Why do investors need to be intentional when they are selecting their SAA or benchmarks, and why do managers need to be deliberate in their portfolio construction? - What could the decrease in the purchasing of US Treasuries by China and Japan mean for global markets? - How do you see the rise of private credit impacting liquid markets or active managers? - Given the uncertainty and volatility in monetary policies globally, how should investors be positioned with respect to duration and currency exposures? - With weakening demand for US Treasuries globally and tariff uncertainty weighing on the US dollar, is US exceptionalism under threat? - What does a weakening demand for US Treasuries mean for investors with a large (and increasing) exposure to US denominated assets? - With equity valuations (especially in the US) appearing expensive, at least historically, and with base rates remaining elevated, how do you see the relative value between these two asset classes on a forward-looking basis? - With the return of volatility in the macroeconomic and geopolitical landscape, how can active managers exploit this dynamic to outperform passive strategies? Disclaimer The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made. International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability. All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein. Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording. All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.
