Targeting predictable outcomes to deliver on expectations
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Mike Gitlin, Capital Group’s head of fixed income, sets out the importance of investing in bond funds that deliver on their stated objective. He also explains what differentiates Capital Group from industry peers.
We’ve heard you talk about the four roles of fixed income. Why is this concept important in today’s environment?
The world is changing rapidly. Amid historically high global inflation levels, major central banks turned increasingly hawkish, raising interest rates to levels not seen in years. In fixed income markets, yields have risen, while geopolitical and recessionary risks may lead to persistent volatility. In this environment, the four roles of fixed income are critical.