Are economic challenges just around the bend? Let us help you steer through the winding road ahead. Set your destination, prepare for some sharp turns, and be ready to recalibrate your portfolios along the way.
Short-termism and market timing is not a winning strategy in the long run.
The key to success in this market environment is to construct portfolios that can succeed no matter where the economy takes us.
Where is the economy heading?
Hopes for a soft landing may be growing, but we continue to believe that the U.S. economy will slip into a mild to moderate recession within the next six months. Simply put, we expect to see two consecutive quarters of negative GDP growth, accompanied by a rise in the unemployment rate.
Stay on top of the latest news and the events that are driving financial markets with our Volatility toolkit.
The right bonds at the right time
GICs have a place in certain portfolios, but is that place to replace bonds? See why we believe rising rates have created a unique opportunity for investors with an eye on the long-term.
Bond yields are more attractive than they have been in the past
Yields across most, if not all, fixed-income instruments—regardless of maturity, type, or credit quality—have moved materially higher since the beginning of this year.
Take advantage of the opportunity in fixed income
Learn more about the opportunity in fixed income
Read more to learn what the future of the fixed-income market looks like.
Why bonds now?
Fixed income has produced negative returns alongside equities, and in some cases even underperformed equities. After the worst start to the year in history, many investors are avoiding the bond markets—we believe that’s a mistake.
Learn why the opportunity in bonds is arguably the best it has been in 15 years.
Bonds vs GICs
While the safety of a GIC might make sense for investors with an investment time horizon of less than a year, for those investors with a longer one, we tend to caution using GICs as an alternative to bonds in a balanced portfolio.
Learn why we believe that intermediate fixed income can present a compelling case.
Looking ahead, the case for fixed income remains
Being a bond investor hasn’t been a pleasant experience for the past few years. We explain why we believe that intermediate fixed income remains well positioned for whatever lies ahead.
Read more about the recalibrated value proposition of bonds.
Paving the way for a resurgence in bonds
Bonds are finally positioned to potentially provide meaningful returns to investors. Admittedly, the asset class has been a tepid source of income since the Global Financial Crisis, and it hasn’t been a reliable store of value in the post-COVID era. However, when it comes to generating income and preserving capital, the value proposition of bonds has been restored to an extent we haven’t seen in over a decade.
Learn about why we believe several areas of the global fixed-income markets may be worth a closer look.
Revisiting global multi-sector fixed income in a postpandemic world
The critical challenge fixed-income investors face today is to find stable returns amid high inflation and rising yields—without taking on excessive volatility or risk. We explore some ways to do so.
Learn about the opportunity set for bonds moving forward.
The three phases of fixed-income investing
This has been a tough year for both equities and fixed income investors. The three phases of fixed-income investing show the multiple opportunities active fixed-income managers have at their disposal during different economic and market environments.
More Viewpoints on fixed income
Investing involves risks, including the potential loss of principal. Financial markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. The information provided does not take into account the suitability, investment objectives, financial situation, or particular needs of any specific person. Past performance does not guarantee future results, and you should not rely on it as the basis for making an investment decision.
All overviews and commentary are intended to be general in nature and for current interest. While helpful, these overviews are no substitute for professional tax, investment, or legal advice. Clients and prospects should seek professional advice for their particular situation. Neither Manulife Investment Management nor any of our affiliates or representatives (collectively Manulife Investment Management) is providing tax, investment or legal advice.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts as well as the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.