Fast podcast: Why bonds look compelling towards mid-2023 | Pendal Group
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Fast podcast: Why bonds look compelling towards mid-2023

There are signs that inflation has peaked and is due to come off in the next few quarters – which means owning bonds could be compelling around Q2 2023, says Pendal’s OLIVER GE

You can also listen to this podcast on Apple or Spotify
An excerpt from this podcast with Oliver Ge, an assistant portfolio manager with Pendal’s Income and Fixed Interest team

“There are signs that inflation has peaked and is due to come off in the next few quarters.

“That would invariably take us to a position, maybe in Q2 2023, where it looks quite compelling for us to own bonds.

“At that point you’d already see inflation pressures come off and growth indicators start to materially deteriorate.

“Then central banks will in all likelihood tilt their reaction function to be more benign, more dovish. They’re not accelerating, there likely won’t be more hikes.

“That environment is conducive to owning bonds.

“You’re looking at returns of five to 6% per annum at that point.”


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About Oliver Ge and Pendal’s Income and Fixed Interest boutique

Oliver Ge is an Assistant Portfolio Manager with Pendal’s Income and Fixed Interest (IFI) team.

Oliver works on developing and running key quantitative investment models, and acting as trading support for the Income & Fixed Interest team. Oliver received his Bachelor of Commerce (Finance) from the University of Sydney and is also a CFA Charterholder.

Pendal’s IFI boutique is one of the most experienced and well-regarded fixed income teams in Australia. In 2020 the team won the Australian Fixed Interest category in the Zenith awards.

The invests across income, composite, pure alpha, global and Australian government strategies.

Find out more about Pendal’s fixed interest strategies here


About Pendal Group

Pendal is an independent, global investment management business focused on delivering superior investment returns for our clients through active management.

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