Investment consultants, institutional asset owners and intermediaries worldwide forecast significant fixed income restructuring this year amid concern about rising interest rates and a jump in
The rising interest rate environment was the biggest concern among all respondents, with an average of 53% citing this as a major concern.
Forty-eight per cent of participants expected to restructure fixed income portfolios, particularly as corporate pension plans continue to adopt liability-driven investment strategies and rate-concerned investors delink their portfolios from interest rate-sensitive strategies.
The survey covers over 200 investors and consultants with aroung $5 trillion (€3.7 trillion) of assets under management or advice. More than 40% of the survey respondents were located outside of the US.
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