After a brutal year for fixed income in 2022 two recurring themes abound in the industry - that bonds are back, and that 2023 will be the year when active management will truly shine. But both need caveats.
Nick Eisinger, emerging markets lead strategist, and Kunal Mehta, head of fixed income specialist team, Vanguard, Europe, see a more positive outlook for active investors in emerging market credit, although risks remain.
Vanguard invests considerable time, resources and energy to ensure that our actively managed funds are in the hands of talented portfolio managers. We look at the role that diversity of thought – including gender balance – can play in identifying strong managers.