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By Kevin Akioka - August 3, 2018
There's no need to rehash the headlines we're all seeing right now, but suffice it to say, we're living in a volatile world. That volatility is leading to lots of questions about where the corporate bond market is heading. Right now, I'm seeing a "risk premium"1 getting priced into the markets, which is causing wider spreads and lower prices.
Some parts of the world are holding up better than others—the U.S., for example. Other geographies—like some emerging markets—have been hit hard in recent months. That doesn't mean there's a collapse imminent; in fact, it shows me that there will be investment opportunities in some of those countries and we're looking for them now.
In my latest quarterly video update, I'll examine these issues, as well as the potential for more rough seas ahead for investors. Click the video to find out more, including what's keeping me up at night.
Chief Investment Officer David Crall explains the “strong-horse” philosophy and how his team’s unbiased approach distinguishes Nomura Corporate Research and Asset Management (NCRAM) from other high-yield portfolio managers.
As interest rates edge lower, investors or left looking for new sources of income. Used wisely, we believe high-income bonds may fill that need.
Co-CIO Charles Tan explains how sector diversification may help smooth out volatility and risk.
Volatility is leading to lots of questions about where the corporate bond market is heading. What's keeping PM Kevin Akioka up at night?
August 03, 2018
Learn more about why we believe staying selective is key to navigating through today's bond market.
February 12, 2019
VP & Sr. Fixed Income Portfolio Manager Kevin Akioka sees a couple of wild cards for corporate bond investing—tax reform probably being the big one.
February 08, 2018
1A risk premium is the return an investment generates in excess of the rate of return expected from a theoretical "risk-free" investment. In practice, it's the additional return generated over and above the interest rate on a three-month U.S. Treasury bill. This premium is considered a form of compensation for investors willing to take on more risk than a Treasury bill.
Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.
The opinions expressed are those of American Century Investments (or the portfolio manager) and are no guarantee of the future performance of any American Century Investments' portfolio. This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.