• Hybrid bonds: Attractive, but know the risks
    09 June 2016
    Hybrid bonds: Attractive, but know the risks Hybrid bonds (‘hybrids’) can generate attractive yields, but the risks associated with them also have to be taken into account. It takes great expertise to clearly recognise these risks. Portfolio managers Melanie Graswinckel and Leroy Tujeehut explain the ins and outs of investing in these instruments and elaborate on the various types of hybrids. Continue reading
  • Interest rates in a stagflation scenario
    21 April 2016
    Interest rates in a stagflation scenario Is stagflation an extinct economic species? High inflation coupled with low economic growth was observed in the 1970s along with dramatic effects on interest rates. This scenario has faded from memory since then, thanks to the combined impact of Reaganomics and inflation targeting. Recent developments could make stagflation more likely than most commentators believe, and although its probability remains low, it is worth preparing for such a scenario. Continue reading