Investment Grade
Our Investment grade funds aim to deliver consistent risk-adjusted returns by limiting their investment universe predominantly to securities deemed to be higher quality and at a lower risk of default.
Investment Grade Quarterly Update – October 2025
As fixed income investors face inflation surprises, tariff rhetoric and growing concerns around central bank independence, Gordon Shannon, Partner and Co-Head of Investment Grade, explains why the focus remains on resilience.
Key takeaways
- Despite strong total returns for fixed income investors over the third quarter of 2025, government bond markets experienced notable volatility, driven by inflation prints, tariff rhetoric and growing concerns around central bank independence.
- Credit markets remained resilient with US IG issuance seeing nearly $70 billion of supply and European IG seeing a strong €17 billion in new issuance.
- Carry remains a central theme. Starting yields are historically high and this continues to support fixed income returns.
About the author
About the author
