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Newton Investment Management

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Newton Portal
UK Institutional UK Institutional

Blog

fixed income

Growing the sustainable pie the right way
Blog

Growing the sustainable pie the right way

Key trends that will help to shape the growth of the sustainable fixed-income market in 2021 and beyond.

Scott Freedman
11 January 2021
Fixed income, Responsible investment, Sustainable
Fast forward: A journey to the future of investment
Blog

Finding opportunities in a world of vanishing interest rates

How a multi-asset credit approach could help investors seeking better yields and diversification.

Paul Brain
16 December 2020
Fixed income
US election
Blog

US election: bond investors shift focus to 2021

We discuss how bond markets have responded to the US election.

Paul Brain
09 November 2020
Fixed income, Macro views
Navigating the debt mountain
Blog

Navigating the debt mountain

As the global pandemic fallout continues, we assess the relative merits of developed and emerging-market debt.

Trevor Holder
03 November 2020
Coronavirus, Emerging markets & Asia, Fixed income
Blog

Beyond Covid-19: The ‘U-bend’ recovery

Why we believe the post-pandemic economy will take some time to get back to pre-crisis levels.

Paul Brain
20 August 2020
Coronavirus, Fixed income, Macro views, Sector research, Themes
Doing the right thing: ESG and EMD
Blog

Doing the right thing: ESG and EMD

We analyse the importance of sound governance and disciplined ESG analysis when selecting emerging-market government bonds.

Carl Shepherd, Trevor Holder
27 July 2020
Emerging markets & Asia, Fixed income, Responsible investment, Sector research
Blog

European recovery assured?

We assess the ramifications of the European Union’s €750bn deal for EU bond markets and the euro.

Paul Brain
21 July 2020
Coronavirus, Fixed income, Macro views, Sector research
Blog

Is investment grade nearing the ‘danger zone’?

We assess two potential tail-risk scenarios from the pandemic that could hurt investment-grade bond investors.

Howard Cunningham
26 June 2020
Fixed income, Sector research
US dollar: devalue to save the world?
Blog

US dollar: devalue to save the world?

We assess how US-dollar strength will affect the global economy as it starts to recover from the pandemic.

Paul Brain
22 May 2020
Fixed income, Macro views, Sector research
Blog

Looking through the pandemic: The shape of the recovery

We assess some potential consequences of the pandemic, and how they may play out in the global economy.

Paul Brain, Howard Cunningham
11 May 2020
Coronavirus, Fixed income, Macro views, Sector research, Themes
The rise and rise of ‘MMT’ economics
Blog

Save and prosper?

How the pandemic and rescue packages are changing both corporate behaviour and the dynamics of fixed-income markets.

Howard Cunningham, Paul Brain
20 April 2020
Coronavirus, Fixed income, Sector research
Covid-19: BoE: ‘take back control’
Blog

Covid-19: BoE: ‘take back control’

We assess the impact of the Bank of England’s latest efforts to calm febrile markets.

Howard Cunningham
20 March 2020
Coronavirus, Fixed income, Sector research
Covid-19: ECB’s ‘shock and awe’
Blog

Covid-19: ECB’s ‘shock and awe’

We assess what the European Central Bank’s latest financial rescue package means for European bond markets.

Jon Day
20 March 2020
Coronavirus, Fixed income, Sector research
Covid-19: Looking through the crisis
Blog

Covid-19: Looking through the crisis

We analyse the impact of Covid-19 on global bond markets in anticipation of the next stage.

Paul Brain
19 March 2020
Coronavirus, Fixed income, Macro views
COVID-19: UK bond market impact
Blog

Covid-19: UK bond market impact

We analyse the impact of the UK government’s financial rescue package on bond markets

Howard Cunningham
18 March 2020
Coronavirus, Fixed income, Sector research
Learning to love low yields
Blog

Learning to love low yields

Despite yields plunging following the Fed’s coronavirus-motivated rate cut, we believe opportunities still exist in bond markets.

Jon Day
11 March 2020
Fixed income
A gilt-edged pledge?
Blog

A gilt-edged pledge?

How the spending pledges from the two main political parties could affect the UK gilts market.

Howard Cunningham
12 December 2019
Fixed income, Macro views
Latin American spring?
Blog

Latin American spring?

As street protests spread across the region, is Latin America approaching a tipping point?

Carl Shepherd
05 December 2019
Emerging markets & Asia, Fixed income
The pain in Spain
Blog

The pain in Spain

As the political deadlock looks set to continue in Spain, we assess the impact on debt markets.

Paul Brain
11 November 2019
Fixed income
Which way now?
Blog

Which way now?

A further Brexit delay and an unpredictable election spell further near-term uncertainty for the UK economy.

Howard Cunningham
06 November 2019
Fixed income, Sector research
Blog

Russian roulette

As Brexit uncertainty drags on, we assess the potential future consequences for the UK’s debt markets.

Howard Cunningham
10 October 2019
Fixed income
Blog

Two become one

What could Boris Johnson’s victory mean for the UK’s gilt and currency markets, and future Brexit strategy?

Howard Cunningham
23 July 2019
Fixed income, Macro views
Blog

Party like it’s Norway (or not)

The global liquidity party remains very much in evidence, despite the Norwegian central bank’s latest rate hike.

Jon Day
21 June 2019
Fixed income, Themes
Blog

Sovereign scruples

What are the ESG risks surrounding sovereign bonds?

Trevor Holder
19 June 2019
Fixed income, Responsible investment
Waiting for BoJo
Blog

Waiting for BoJo

How is the UK’s Brexit waiting game playing out in the bond markets?

Howard Cunningham
05 June 2019
Fixed income
Blog

Trade trouble

As tariffs are hiked again, where does the US-China trade war go from here?

Trevor Holder
29 May 2019
Emerging markets & Asia, Fixed income, Macro views, Themes
Blog

What now for Spain?

Political uncertainty could create short-term instability for Spanish bond spreads, but will it last?

Paul Brain
01 May 2019
Fixed income, Macro views
Blog

Groundhog May

Amid another tumultuous week, the outcome of the UK’s Brexit negotiations look even murkier.

Howard Cunningham
14 March 2019
Fixed income, Macro views
Blog

Carry on Leo

The Irish and UK prime ministers are experiencing contrasting fortunes as Brexit negotiations rumble on.

Howard Cunningham
11 March 2019
Fixed income, Macro views, Sector research
Blog

Driving us Caracas

Venezuela’s president and opposition leader are deepening a political crisis that could hold major implications for global markets.

Carl Shepherd
19 February 2019
Emerging markets & Asia, Fixed income, Sector research
Blog

Tick tock

As the bond-market cycle clock ticks on, we offer our outlook for 2019.

Paul Brain
11 February 2019
Fixed income, Macro views
Blog

You can’t always get (the Brexit) you want…

Theresa May’s crushing Brexit deal defeat appears relatively meaningless compared to what might happen next.

Howard Cunningham
16 January 2019
Fixed income, Macro views
Blog

Not EU again

Theresa May has survived for now, but will the EU budge from the deal on the table?

Howard Cunningham
13 December 2018
Fixed income
Blog

Awaiting the endgame

At our investment conference, we discussed the stress indicators that could herald the next market stage for bonds.

Paul Brain
30 November 2018
Fixed income
Blog

Six reasons to consider sustainable bonds

Sustainable investing could be an option for fixed-income investors looking to make a positive impact.

Scott Freedman
05 September 2018
Fixed income, Responsible investment
Blog

Time to unwind…

How US monetary policy affects different sectors of the bond market at different times.

Paul Brain
09 August 2018
Fixed income, Macro views
Blog

Starting to bite?

What are the potential consequences of China/US trade friction for emerging and developed markets?

Trevor Holder
17 July 2018
Emerging markets & Asia, Fixed income, Sector research
Blog

Green bonds: still stuck on red?

What needs to happen for green bonds to enter the mainstream fixed-income market?

Scott Freedman
12 July 2018
Fixed income, Responsible investment
Blog

Navigating troubled waters

How can investors seek to engineer a return in today’s bond markets?

Paul Brain
22 June 2018
Fixed income
Blog

Italian bonds in a bind?

Italy’s current political uncertainty could put its heavily bought bond market and the eurozone under further pressure.

Paul Brain, Jon Day
04 June 2018
Fixed income
Blog

Time to be peso-mistic?

With Argentina raising interest rates to 40% to defend its rapidly falling currency, what does the future hold?

Carl Shepherd
18 May 2018
Emerging markets & Asia, Fixed income
Blog

From ‘doves to hawks’?

Analysing the investment landscape against a backdrop of rising interest rates.

Paul Brain
13 April 2018
Fixed income, Macro views
Blog

Rewriting the rules

How can multi-asset investors manage a changing relationship between bond and equity markets?

Paul Flood
28 February 2018
Fixed income, Global equities, Multi-asset
Blog

Year of the Dog

A look at the canine characteristics of the world’s leading central banks.

Paul Brain
07 February 2018
Fixed income, Macro views, Sector research
Blog

Silva lining?

Why the latest court ruling on Brazil’s former president could spell good news for its economy.

Carl Shepherd
29 January 2018
Emerging markets & Asia, Fixed income, Macro views
Blog

UK gilt yields: the long and short of it

A funny thing happened on the way from the referendum…

Howard Cunningham, Howard Cunningham
22 January 2018
Fixed income
Blog

What lies ahead for fixed income?

Where are opportunities for flexible fixed-income investors likely to arise in 2018?

Paul Brain
05 January 2018
Fixed income, Macro views
Blog

UK Budget: a lot to be modest about

In spite of housing and productivity initiatives, the UK’s Budget was overshadowed by a significant downgrade in growth…

Howard Cunningham
22 November 2017
Fixed income, Macro views
Blog

Turning point

After a strong run, is the high-yield bond market due a more serious setback?

Paul Brain
16 November 2017
Fixed income
Blog

An issue of strength

Last week’s $2bn bond issuance by China coincided with the 19th Party Congress.

Trevor Holder
03 November 2017
Fixed income
Blog

Movember for the MPC

Cautious messaging around the much-anticipated UK rate rise puts the focus squarely on the health of the economy.

Howard Cunningham, Paul Brain
03 November 2017
Fixed income, Macro views
Blog

Dancing to a Brazilian beat

Are reasons for optimism emerging in Brazil’s sovereign debt markets?

Carl Shepherd
27 October 2017
Fixed income
Blog

Putting a cap on it

Despite a shift in policy, a peak in rates may not be too far away.

Paul Brain
05 September 2017
Fixed income
Blog

Much ado about nothing

Investment-grade debt has been bolstered by central-bank support, but we see little to get excited about.

Paul Flood
23 August 2017
Fixed income, Multi-asset
Blog

A mixed bag

Despite talk of a UK economic slowdown, the picture appears more mixed than outright negative.

Howard Cunningham
18 August 2017
Fixed income, Macro views
Blog

Ghoul’s gold: China’s ghost towns

Why investors should beware of China’s haunted property market.

Parmeshwar Chadha
08 August 2017
Fixed income
Blog

Circumventing nomadic bond markets

What approach should investors take while awaiting more certainty on monetary policy direction?

Paul Brain
01 August 2017
Fixed income, Macro views
Blog

At the heart of the process

Sovereign and corporate ESG credentials can be significant factors in shaping our fixed-income investment decisions

,
21 July 2017
Fixed income
Blog

Gilt trip

A week is a long time in politics, and in the gilt market...

Howard Cunningham
22 June 2017
Fixed income
Blog

An attack on real wealth

Rising inflation and currency weakness may combine to dampen the prospects for gilts over the medium term.

Paul Flood
16 June 2017
Fixed income, Multi-asset
Blog

When to leave the party

Timing the turn is never easy, but you don’t want to be left ‘dancing near the door’.

,
18 May 2017
Fixed income
Blog

Diverging prospects

How our investment themes help us identify opportunities and risks in changing bond markets.

,
26 April 2017
Fixed income
Blog

Spreading negative energy

Continuing weakness in the oil price is having a big impact on credit spreads in the energy sector.

Parmeshwar Chadha
03 April 2017
Fixed income
Blog

Seconds out…for Brexit

There is much at stake for the UK and EU as Theresa May rings the starting bell for…

Howard Cunningham
29 March 2017
Fixed income, Macro views
Blog

Plotting the populist vote

How income inequality could be a guide to future political risk.

Jon Day
23 March 2017
Fixed income, Macro views
Blog

Brexit means Brexit, but not yet

Chancellor Philip Hammond’s first Budget reveals little about the UK economy’s post-Brexit path.

Howard Cunningham
08 March 2017
Fixed income, UK equities
Blog

Central Europe: different and the same

Comparing and contrasting three central European economies.

Trevor Holder
02 March 2017
Fixed income
Blog

Emerging-market debt – a watching brief

Assessing the outlook for emerging-market bond investing.

Carl Shepherd
15 February 2017
Emerging markets & Asia, Fixed income
Blog

The Trumpometer

A fixed-income perspective on the US president’s potential policies.

Paul Brain
08 February 2017
Fixed income
Blog

Superpower drill

What can we learn from the past about power shifts in the global economy?

Paul Brain
01 February 2017
Fixed income
Blog

Mission: Improbable

Agent May’s plan for Operation Brexit provides a reality check.

Howard Cunningham
18 January 2017
Fixed income, UK equities
Blog

How low can they go?

Despite the Fed rate hike, news of China’s falling foreign-exchange reserves might not be as critical as it…

Trevor Holder
19 December 2016
Fixed income
Blog

Rising-yield survival kit

After 35 years of a bull market, what is next for bonds?

Paul Brain
15 December 2016
Fixed income
Blog

Going dotty

The Federal Reserve raises rates, and forecasts further increases in 2017, but is it getting carried away?

Paul Brain, Newton Real Return team
15 December 2016
Fixed income, Real Return
Blog

Top Trumps

A fixed-income spin on the popular card game.

Paul Brain
25 November 2016
Fixed income
Blog

Taking the rise

Why has Governor Mark Carney struck a markedly different tone after the Bank of England’s latest Inflation Report?

Howard Cunningham
07 November 2016
Fixed income, UK equities
Blog

Responsible investment – bonded

The case for integrating environmental, social and governance analysis in fixed-income investing

Scott Freedman
25 October 2016
Fixed income, Responsible investment
Blog

Finding the guilty party

What’s really behind the recent sell-off in UK gilts?

Howard Cunningham
21 October 2016
Fixed income, UK equities
Blog

Rate expectations

Second-guessing the next US administration’s policies is tough, but bond investors can take some precautions.

Paul Brain
17 October 2016
Fixed income, Macro views
Blog

Ever-changing moods...

The market’s addiction to monetary stimulus is growing, while the capabilities of central bankers are being stretched to…

Paul Brain
23 September 2016
Fixed income, Macro views
Blog

Under their spell

With investors in thrall to central bankers, there has been a notable rise in correlation between bonds and…

Jon Day
21 September 2016
Fixed income
Blog

That’s all folks

Are government bond markets about to fall off a cliff Wile E. Coyote style?

Paul Brain
17 August 2016
Fixed income
Blog

Shock and awe

Mark Carney shakes off the label of ‘unreliable boyfriend’ in today’s Bank of England announcement.

Howard Cunningham
04 August 2016
Fixed income
Blog

A view from the bridge

‘Remain’ or ‘leave’, the UK’s property bubble has been in the making for some time.

Jon Day
20 July 2016
Fixed income
Blog

88 months and counting

Today’s Bank of England policy announcement was something of an anti-climax.

Howard Cunningham
14 July 2016
Fixed income
Blog

Anatomy of a post credit-crisis world

Following the UK’s ‘Brexit’ vote, we look at how electorates and policymakers respond to crises.

Paul Brain
12 July 2016
Fixed income
Blog

Expecting the Spanish indecision

It’s back to the polls once again for the Spanish electorate, but results are expected to be inconclusive.

Jon Day
23 June 2016
Fixed income
Blog

"Sell in May and go away"? - A bond-market perspective

'Tis the season for risk-asset volatility, but what about safe-haven assets?

Paul Brain
24 May 2016
Fixed income
Blog

Argentinian government bonds: from default to the record books

Argentinian sovereign debt: oversubscribed and overrated?

Carl Shepherd
20 May 2016
Emerging markets & Asia, Fixed income
Blog

If in doubt, do nowt – UK monetary policy

The shadow of the forthcoming 'Brexit' referendum looms large over UK central bankers.

Howard Cunningham
19 May 2016
Fixed income
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This is a financial promotion. Issued by Newton Investment Management Limited, The Bank of New York Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England No. 01371973. Newton Investment Management is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN and is a subsidiary of The Bank of New York Mellon Corporation. Material in this publication is for general information only. The opinions expressed in this document are those of Newton and should not be construed as investment advice or recommendations for any purchase or sale of any specific security or commodity. Certain information contained herein is based on outside sources believed to be reliable, but its accuracy is not guaranteed. You should consult your advisor to determine whether any particular investment strategy is appropriate. This material is for institutional investors only. Past performance is not a guide to future performance. Your capital may be at risk. The value of investments and the income from them can fall as well as rise and investors may not get back the original amount invested.