Kellie Wood

Portfolio Manager, Fixed Income

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Fixed Income

12MAR 2019

Remaining steady amid multiple global shifts

Although the Fed has softened its stance and the labour market remains tight, the outlook for a strong US rebound in growth remains muted. Coupled with European elections nearing and anticipated slower growth in China, the outlook is neutral and portfolio decisions continue to prepare for what may come next.

2018

MAY

08MAY 2018

Fixed Income

Tide turning on inflation - and adjustments will follow

While the global economy delivers on growth, the signs are there from the US regarding the pressure of inflation as the Fed raises rates, coupled with indications of wage pickup across the world. The RBA remains in a holding pattern on rates, and won’t move until the unemployment rate drops further.

JANUARY

12JAN 2018

Fixed Income

Fixed Income investors need patience

As the New Year begins, the main question on investors’ minds is – ‘Will continued strong global growth deliver higher inflation?’

2017

AUGUST

10AUG 2017

Fixed Income

Turning off the tap

Quantitative easing has altered the face of markets by underpinning strong returns and lowering volatility, leaving most assets rich and with higher forward-looking risk.

JUNE

12JUN 2017

Fixed Income

Expectations minus reality equal disappointment

Beyond the inflation numbers, there are some doubts about the economic rebound in the second half of this year...

FEBRUARY

07FEB 2017

Fixed Income

Bonds remain vulnerable despite recent falls

Trump's proposals point to faster inflation

2016

JULY

07JUL 2016

Fixed Income

The Bond market rally shows no sign of ending

Kellie Wood discusses the fixed interest market reaction to Brexit including another major bond yield falling into negative territory. Learn why in this fragile environment the portfolio manager is positioned with the longest duration the Fund has had since the Strategy’s inception.

2014

NOVEMBER