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13 Jul 2018

Where to find shelter in bonds in H2

The ongoing withdrawal of policy accommodation continues to cloud the outlook for conventional bonds. As we move ever closer to the exit from a low inflation, low volatility world it could be time to consider whether the bonds you’re holding will provide the shelter or the diversification you need. In this video, Philippe Baché, Head of Fixed Income ETFs, describes the different fixed income strategies you can use to cope with rising inflation and rates or combat policy and political uncertainty. 

Related ETFs

UCITS ETF Exposure AuM (10/07/2018) TER
Lyxor Core US TIPS (DR) Inflation-linked US Treasuries $852m 0.09%
Lyxor EuroMTS Inflation Linked Investment Grade (DR) Inflation-linked European govies €779m 0.20%
Lyxor Core FTSE Actuaries UK Gilts Inflation-Linked (DR) Inflation-linked UK gilts £43.5m 0.07%
Lyxor US$ 10Y Inflation Expectations US inflation expectations $1,379m 0.25%
Lyxor EUR 2-10Y Inflation Expectations European inflation expectations €1,153m 0.25%
Lyxor UK£ 10Y Inflation Expectations UK inflation expectations £52m 0.25%
Lyxor $ Floating Rate Note USD investment grade FRNs $423m 0.10%
Lyxor Barclays Floating Rate Euro 0-7Y EUR investment grade FRNs €1,333m 0.15%
Lyxor EuroMTS Highest Rated Marco-Weighted Govt bond 1-3Y (DR) European 1-3Y govies €61m 0.165%
Lyxor EuroMTS Highest Rated Marco-Weighted Govt bond 3-5Y (DR) European 3-5Y govies €271m 0.165%
Lyxor EuroMTS Highest Rated Marco-Weighted Govt bond 5-7Y (DR) European 5-7Y govies €11.5m 0.165%
Lyxor EuroMTS Highest Rated Marco-Weighted Govt bond (DR) European govies €236m 0.165%
Lyxor EuroMTS Covered Bond Aggregate European covered bonds €129m 0.165%

Risk Warning​

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Lyxor International Asset Management (“LIAM”) or its employees may have or maintain business relationships with companies covered in its research reports. As a result, investors should be aware that LIAM and its employees may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Please see appendix at the end of this report for the analyst(s) certification(s), important disclosures and disclaimers. Alternatively, visit our global research disclosure website

Conflicts of interest 

This research contains the views, opinions and recommendations of Lyxor International Asset Management (“LIAM”) Cross Asset and ETF research analysts and/or strategists. To the extent that this research contains trade ideas based on macro views of economic market conditions or relative value, it may differ from the fundamental Cross Asset and ETF Research opinions and recommendations contained in Cross Asset and ETF Research sector or company research reports and from the views and opinions of other departments of LIAM and its affiliates. Lyxor Cross Asset and ETF research analysts and/or strategists routinely consult with LIAM sales and portfolio management personnel regarding market information including, but not limited to, pricing, spread levels and trading activity of ETFs tracking equity, fixed income and commodity indices. Trading desks may trade, or have traded, as principal on the basis of the research analyst(s) views and reports. Lyxor has mandatory research policies and procedures that are reasonably designed to (i) ensure that purported facts in research reports are based on reliable information and (ii) to prevent improper selective or tiered dissemination of research reports. In addition, research analysts receive compensation based, in part, on the quality and accuracy of their analysis, client feedback, competitive factors and LIAM’s total revenues including revenues from management fees and investment advisory fees and distribution fees.

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