Capital IdeasTM

Investment insights from Capital Group

Categories
債券
Fixed Income Perspectives January 2023

Quarterly macro and market insights from Capital Group’s fixed income team


fixed income cover

The statements expressed represent perspectives from Capital Fixed Income Investors, as at 31 December 2022. The views of individual portfolio managers and analysts may differ. © 2023 Capital Group. All rights reserved. Data as at 31 December 2022, and attributed to Capital Group / Bloomberg Index Services Ltd, unless otherwise stated.

Outlook for bonds brighter even as growth concerns linger
 

  • Global growth is expected to weaken as central banks remain restrictive, though many economies have shown more resilience than previously expected
  • Inflation should continue to lose steam in 2023, although it may remain uncomfortably high relative to central bank targets
  • Higher yields and relative value opportunities offer better return potential for 2023

 


Risk factors you should consider before investing:

  • This material is not intended to provide investment advice or be considered a personal recommendation.
  • The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment.
  • Past results are not a guide to future results.
  • If the currency in which you invest strengthens against the currency in which the underlying investments of the fund are made, the value of your investment will decrease. Currency hedging seeks to limit this, but there is no guarantee that hedging will be totally successful.
  • Risks may be associated with investing in fixed income, derivatives, emerging markets and/or high-yield securities; emerging markets are volatile and may suffer from liquidity problems.


テーマごとに見る

Past results are not predictive of results in future periods. It is not possible to invest directly in an index, which is unmanaged. The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment. This information is not intended to provide investment, tax or other advice, or to be a solicitation to buy or sell any securities.

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.