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Loomis, Sayles & Company

Global Fixed Income

For decades, our goal has been to deliver consistent and competitive risk-adjusted returns to our clients.

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INSIGHt SPOTLIGHT

Global Fixed Income Outlook & Strategy

DECEMBER 2024  |   Global Fixed Income Team

The Loomis Sayles Global Fixed Income Team publishes a monthly market outlook & strategy to offer perspectives on the market's movements.   

Global Fixed Income Team Insights

Below are the recent market outlook and insights published by the members of the team.

 

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Global Bond Team Perspectives

NOVEMBER 2024 Global Fixed Income Team

GLOBAL CORPORATES – We see asymmetric risk-reward potential everywhere we look.  

 

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Quarterly Market Outlook

SEPTEMBER 2024 |  Global Bond Fixed Income Team

Learn more about the team’s current views, insights, and forecasts for global markets; including sector-specific outlook, key risks and anticipated strategies.
 

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Will Government Debt be the Next Big Thing for Bond Markets?

23 SEPTEMBER 2024 Global Fixed Income Team

As a rule, deficits do not matter until they suddenly do. Across DM economies, a broad pattern of structural and cyclical debt and deficit deterioration may point to a future of slower growth, higher taxes, and steeper and more volatile yield curves. Going forward, a narrow focus on central bank interest rate cuts may be an inadequate guide to the performance of longer-duration securities.  


 

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Surprises from the First Half of 2024

JULY 2024 

Several of our fixed income portfolio managers share unexpected developments that have shaped their view of the credit markets.

 

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What is the Market Mispricing?

JULY 2024 

Markets sometimes move away from fundamentals. Our investors key in on areas that may be overemphasized or underappreciated.

 

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Will an ECB Cut be the Catalyst That Moves Currency Markets?

JUNE 2024 |  Hank Lynch, CFA, Marianne Winkelman

Hank Lynch and Marianne Winkelman share their thoughts on a potential ECB rate cut and the implications for currency markets. 


 

Why Loomis Sayles Global Fixed Income?

Click through to explore our investment process and philosophy. 

 

Driven by Fundamental Research

We believe fundamental research is a key to unlocking value. But it is just the beginning. Valuation and technical considerations are critical to the overall assessment of any opportunity in our view.

Therefore we leverage our strengths in Loomis Sayles’ extensive, leading research and sector team expertise to identify compelling ideas.

Carry Advantage

We believe relative outperformance can be harvested via a variety of investment strategies that build in yield potential over the benchmark.

Therefore we seek a diversified carry advantage in a variety of spread, treasury and currency markets supported by research depth and breadth.

Opportunistic

We believe in dynamically flexing active risks – proactively and defensively – when appropriate, to help capture available risk premiums across global fixed income markets.

Therefore we seek to minimize a portfolio's  outsized drawdown risk of any single investment strategy, while positioning for potential outperformance during volatile markets.

Security Selection Driven by World-class Research

Everything begins with deep, proprietary fundamental research. We leverage Loomis Sayles’ well-known credit, securitized, macro, sovereign, and quantitative research resources to better understand market opportunities and risks.

Diversified & Disciplined 



To seek to outperform global fixed income benchmarks, we leverage our experience and investment skill to help drive appropriate risk-adjusted positioning in credit, currencies, and yield curves across a broad variety of sectors and countries.


Opportunistic 

We are patient, disciplined investors who are committed to finding value when markets present it. Drawing upon decades of experience, we are comfortable flexing our risk exposure seeking to outperform when markets offer potential value while minimizing risk to  portfolios during periods of volatility.

Global Fixed Income Team

BY THE NUMBERS

1986

Global Bond Portfolio Established

$30B

Assets Under Management

As of 6/30/2024

90+

Institutional Accounts & Commingled Vehicles

as of 6/30/2024

Meet the Team

Collegial Culture. Methodical Approach.
 

 

Meet the Team

Collegial Culture. Methodical Approach.
 
DavidRolley-3

David Rolley, CFA

Co-Head, Portfolio Manager

LyndaSchweitzer-1

Lynda Schweitzer, CFA

Co-Head, Portfolio Manager

ScottService-2

Scott Service, CFA

Co-Head, Portfolio Manager

HankLynch

Hank Lynch, CFA

Global Strategist

HeatherRidill

Heather Ridill, CFA

Portfolio Manager, Global Credit Strategist

RyanMacKay-1

Ryan MacKay

Global Credit Strategist

RaffaelloDistefano-1

Raffaello Distefano, CFA

Investment Director

KevinCreeden

Kevin Creeden, CFA

Investment Director

GaryMahler

Gary Mahler

Portfolio Construction Strategist

MattMurray

Matthew Murray

Investment Analyst

NadiaSon-1

Nadia Son

Investment Associate

PaulMalaguti

Paul Malaguti, CFA

Product Management Analyst

Our strengths are rooted in decades of honing our research and investment processes to consistently navigate ever-changing global markets. We believe our disciplined and repeatable approach can lead to rational risk budgeting and investment decisions with the goal of generating attractive risk-adjusted return potential for our investors.

Our Strategies

Global Aggregate Bond in USD (High Yield Eligible)

Inception 12/31/1986
 

The Global Aggregate Bond in USD (High Yield Eligible) strategy seeks to outperform the Bloomberg Global Aggregate Index

  • Benchmark: Bloomberg Global Aggregate Index

Global Credit/Corporate GBP Hedged

Inception 2/1/2007
 

The Global Credit/Corporate GBP Hedged strategy seeks to outperform the Bloomberg Global Aggregate Credit Hedged to GBP Index

  • Benchmark: Bloomberg Global Aggregate Credit Index

Global Credit/Corporate in
USD

Inception 1/31/2009
 

The Global Credit/Corporate in USD strategy seeks to outperform the Bloomberg Global Aggregate Credit Index

  • Benchmark: Bloomberg Global Aggregate Credit Index

Global Debt Unconstrained in USD

Inception 7/1/1996
 

The Global Debt Unconstrained in USD Strategy seeks to identify undervalued securities and create diversified portfolios with high conviction global fixed income insights and favorable risk return parameters

  • Benchmark: Bloomberg Global Aggregate Index

Global World Bond in USD (High Yield Eligible)

Inception 12/31/1986
 

The Global World Bond in USD (High Yield Eligible) strategy seeks to outperform the FTSE World Government Bond Index

  • Benchmark: FTSE World Government Bond Index
Want to learn more about Global Fixed Income?

Get in touch.

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Disclosure

CFA® and Chartered Financial Analyst® are registered trademarks owned by the CFA Institute.

This marketing communication is provided for informational purposes only and should not be construed as investment advice. Investment decisions should consider the individual circumstances of the particular investor. Any opinions or forecasts contained herein, reflect the subjective judgments and assumptions of the authors only, and do not necessarily reflect the views of Loomis, Sayles & Company, L.P. Investment recommendations may be inconsistent with these opinions. There is no assurance that developments will transpire as forecasted and actual results will be different. Information, including that obtained from outside sources, is believed to be correct, but we cannot guarantee its accuracy. This information is subject to change at any time without notice.

Indices are unmanaged and do not incur fees. It is not possible to invest directly in an index.

Commodity, interest and derivative trading involves substantial risk of loss. This is not an offer of, or a solicitation of an offer for, any investment strategy or product. Any investment that has the possibility for profits also has the possibility of losses.

Diversification does not ensure a profit or guarantee against a loss.

Any investment that has the possibility for profits also has the possibility of losses, including the loss of principal.

There is no guarantee that the investment objective will be realized or that the strategy will generate positive or excess return.

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