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Fixed Income English

Fixed income asset management

We are a leader in fixed income portfolio management. From broad market solutions to strategies based on specific duration, geographic, or sector parameters, we have the capabilities to help meet our clients’ needs.

USD 450 B+

Fixed income assets managed firmwide

250+

Fixed income investment professionals

17

Average years' experience

All figures are for the Wellington Management Group of companies as at 30 June 2023

Robust fixed income management resources

Our fixed income portfolio management capabilities span all publicly traded sectors. We seek to combine top-down and bottom-up inputs to identify and exploit fixed income market inefficiencies around the world. Macroeconomic analysts and market strategists identify top-down structural and cyclical risks and opportunities, while our bottom-up, fundamental research draws on insights from fixed income, equity, commodity and currency analysts. This broad and deep perspective, along with access to company management teams, can help us anticipate changes in issuers’ capital structures before they are priced into securities.

Fixed income investments have the potential to generate income, mitigate downside risk, diversify a portfolio, and/or enhance returns. We offer approaches that target all of these objectives.

Specialized expertise across sectors and regions

Wellington Management’s fixed income investment professionals — specialist portfolio managers, market strategists, sector experts, and more than 50 credit and quantitative analysts — are based in the UK, the US, and Hong Kong. Each portfolio management team is independent and empowered to make investment decisions for the strategies it oversees. Our fixed income managers draw on Wellington’s global resources to access varied sources of return as they seek to generate more consistent performance across varied market environments.

Featured video: Wellington’s bond portfolios are informed by expert perspectives across regions and asset classes. Hear Fixed Income team members explain why they leverage research insights spanning equities, credit, ESG, and more.

Depth, experience, and continuity

Our private partnership structure helps us to attract and retain world-class investment talent and allows us to align performance incentives for our professionals with the achievement of client objectives. This has contributed to the depth, experience, and continuity of our fixed income investors.

Our experienced team of over 200 dedicated fixed income professionals includes portfolio managers, credit, currency, and quantitative analysts, traders, and strategists.

Differentiators

Independent, empowered, and accountable teams

Each specialist team makes its own decisions for client portfolios. We believe this independence can help generate more consistent performance across market environments by diversifying return sources.

Expertise spanning sectors, asset classes, and investment disciplines

Our fixed income strategies benefit from being part of an integrated investment platform that spans all major asset classes and draws on Wellington’s multi-disciplinary research capabilities.

Collaboration among specialists

Our specialized fixed income professionals develop insights on every major sector and region — and they are incented to share those insights across the firm.

Sophisticated tools for risk management and portfolio construction

Proprietary quantitative tools for building portfolios, managing risks, and assessing liquidity support alignment with client objectives.

Examples of our proprietary fixed income tools

Fixed Income Portfolio Management Tool (FI-PMT)


Allows portfolio managers to monitor exposures by country, currency, sector, credit quality, and duration range, in real time, in both absolute and benchmark-relative terms.

Liquidity Evaluation Frameworks (LIEF(R)


Creates point-in-time estimates of a portfolio’s liquidity in all market conditions.

Fixed Income Risk Engine (FIRE)


Provides a comprehensive array of risk statistics at portfolio, sector, and individual security levels, including what-if scenarios.

FIXED INCOME MARKET OUTLOOK

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Bond Market Outlook

In this collection fixed income experts across our platform highlight risks and opportunities for discerning fixed income allocators looking ahead to the second half of 2023.

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2024-12-31
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