In uncertain economic and geopolitical times, fixed income investors should look to unconstrained global fixed income strategies to achieve the best returns, according to GSFM CEO Damien McIntyre.
US policy was already the wild card impacting yield curves at the beginning of 2026, and with the action taken by the US and Israel against Iran, and the resulting fallout, this has only intensified, he says.
“The long end of the yield curve has been responding more to policy than it has to fundamentals in recent times.
“In this environment, unconstrained global fixed income strategies offer investors the flexibility to respond to shocks. The benchmark-agnostic nature of the strategy means it can take advantage of market dispersion through a process focused on return outcomes and active risk management, rather than on more narrowly defined benchmark-relative performance.”
