27/03/2020at 12:37

Infinite QE is destroying traditional bond-fund strategies

Bond investors fear inflation shock as corona stimulus meets debt securities.

BY EMILY BARRETT, RUTH CARSON AND GREG RITCHIE / BLOOMBERG

In a matter of weeks, bond investors have seen some of their firmest market convictions swept away in a massive confluence of government stimulus and central bank intervention. Now, they’re being forced to rework their strategies for a new era.

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From left: Steffen Mielke, head of fixed income at PensionDanmark and member of the CFA Society. Denmark's Fixed Income Committee hosted the seminar and moderated the debate. Søren Funch Adamsen, head of portfolio construction at Danske Bank Asset Management, Allan Japhetson, head of investment strategy at ATP, and John Hydeskov, deputy CIO at Velliv. | Foto: PR / CFA Society Denmark

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