Multi-Sector Bond Quarterly Update – October 2025
In our latest Multi-Sector Bond quarterly update, Jakub Lichwa, Portfolio Management, discusses why we retain a favourable view on credit despite tighter spreads.
Key takeaways
- Market volatility declined meaningfully in Q3, with the VIX volatility index remaining at low values and within tight ranges.
- In corporate credit, an improving rate picture and positive economic growth continued to provide a tailwind to fundamentals.
- Despite tighter valuations, we maintain a supportive outlook on credit.