Major asset managers shift funds to short-term bonds as long-term debt falls

MacroDigital Finance
โดย Bloomberg·GB·Read original
Summary · why it matters

As long-term government bonds decline, major global asset managers such as BlackRock and Aviva Investors are shifting funds into short-term debt. James Turner, head of global bonds for the EMEA region at BlackRock, is moving investments into shorter-duration bonds and inflation-linked bonds, while Aviva Investors, Aegon Asset Management, and Allspring Global Investments are favoring short-term credit products including asset-backed securities and private debt. According to Morningstar data, the median effective duration of bonds held by UK multi-asset funds stood at 5.33 years at the end of June, down from 5.55 years at the end of December. A Bloomberg index tracking bonds with maturities of one to three years has risen 1% this year, while bonds with maturities of more than ten years have fallen 4%, and the 30-year US Treasury yield is well above 5%, its highest level since the financial crisis.

Impact on stocks 3

Digital Finance & Tokenization▲ · 1 stocks
BlackRock Inc
BLK
▲ PositiveDemandrelevance

BlackRock is actively shifting funds to short-term bonds, benefiting from the trend.

Financials▲ · 1 stocks
Aviva PLC
AV
▲ PositiveDemandrelevance

Aviva Investors is favoring short-term credit products, aligning with the shift.

Others▼ · 1 stocks

Off-coverage companies 1

Allspring Global InvestmentsPrivate▲ Positive
Demandrelevance

Allspring Global Investments is favoring short-term credit products, benefiting from the trend.

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