-
-
USD 444 B
-
Fixed income assets managed firmwide
-
United States, Intermediary
Change
-
-
267
-
Fixed income investment professionals
-
-
-
17
-
Average years' experience
-
All figures are for the Wellington Management Group of companies as at 31 March 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 60 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.
A wide array of fixed income asset management solutions
Running the full gamut of the world’s fixed income opportunities, our solutions are designed to meet the varied objectives of our clients across geographic, duration, and credit-risk dimensions.
Global/regional global bond
- Australian Government Bond Plus
- Canada Long Bond Plus
- Europe Aggregate
- Global Aggregate
- Japan Core Bond Plus
US core/long duration
- Core Bond
- Intermediate Bond
- Long Bond
US short duration
- Short Bond
- Short-Term Cash
- Ultra Short Duration
Sector rotation
- Multi-Sector
- Unconstrained
Absolute/total return
- Global Total Return
- Opportunistic Fixed Inc
- World Bond
Credit
- Global Corporate
- Global Credit
- Global Credit Plus
- US Corporate
- US Long Corporate
Emerging markets debt
- Emerging Local Debt
- Emerging Markets Debt
- Opportunistic Emerging Markets Debt
High yield
- Bank Loans
- Capital Spectrum
- Global High Yield
- Short Duration High Yield
- Upper Tier High Yield
- US Core High Yield
Inflation-linked
- Global Inflation-Linked
- Opportunistic Inflation-Sensitive Bond
- TIPS
Municipals/crossover
- Crossover
- Municipals
Securitized
- Agency MBS
- Collateralized Loan Obligations
- Securitized Credit
This is not an all-inclusive list of strategies that may be offered. Investments involve risks including possible loss of principal. This is not to be construed as investment advice or a recommendation to buy or sell any security. Please review important Investment Risks & Definitions.
Fixed income investment vehicles
Wellington clients can invest in many of our investment approaches through separate accounts and an array of funds. For more information about investing in a separate account or US fund, please contact us.
Explore related insights
Showing
of
Insights Posts
How do bond investors approach the new volatile regime?
Wellington fixed income experts provide an analysis on how to navigate short-term volatility and reposition portfolios for the structural changes occurring in fixed income markets. Watch the replay here.
Event replay
2024-05-31
High-yield bonds: Too early to get aggressive?
Our high-yield team suggests a somewhat defensive risk posture for now but expects opportunities to take on greater risk to arise later this year.
Quick Take
2024-04-30
Spread the risk: Our top three fixed income diversifiers for 2023
Fixed Income Strategist Amar Reganti highlights three types of strategies that may be well positioned to provide fixed income portfolio diversification going forward.
Quick Take
2024-01-31
Can US bank loans “carry” investors through 2023?
Fixed Income Portfolios managers Jeffrey Heuer, CFA and David Marshak and Investment Director Nick Leichtman describe what they see as the most prudent approach to the bank loans asset class in 2023 and why.
Quick Take
2024-01-31
Take credit: Our five best credit market ideas for 2023
Fixed Income Strategist Amar Reganti highlights credit market opportunities that he expects to arise over the course of 2023, against a backdrop of slowing growth.
Quick Take
2024-01-31
High yield: Opportunity to pivot in 2023?
Our high-yield bond portfolio managers have a guardedly optimistic outlook on the market and believe security selection will be key to benchmark-relative outperformance in 2023.
Quick Take
2024-01-31
Hidden in plain sight: Overlooked opportunities in investment-grade credit
Fixed Income Strategist Amar Reganti and Investment Specialist Geoff Austein-Miller highlight some relatively simple, straightforward ways to implement a positive view on high-quality corporate credit.
Quick Take
2023-12-31
How to find potential in volatile European high-yield markets?
Fixed Income Portfolio Manager Konstantin Leidman discusses why European high-yield investors need to be ready for both further volatility and the emergence of new opportunities.
Article
2023-12-31
High-yield bonds in 2023: Fortune favours the patient
Amid ongoing dislocation in the high-yield market, Fixed Income Portfolio Manager Konstantin Leidman sees opportunities for investors to take advantage of potentially attractive valuations.
Article
2023-12-31
Credit market outlook: Partly sunny with a chance of good value
In his 2023 credit market outlook, Fixed Income Portfolio Manager Rob Burn highlights some potentially attractive opportunities in the wake of this year's market sell-off.
Article
2023-12-31
Fixed income: Relative value opportunities amid growth slowdown
In the face of this year's fixed income market turmoil, Fixed Income Portfolio Manager Rob Burn sees attractive opportunities for investors with longer-term time horizons.
Continue reading
Quick Take
2022-10-31
URL References
Related Insights
