The Topsy Turvy World of Bonds presentation with Andy Seaman
Ravenscroft Investment Management recently held a presentation at which we invited people to view bonds from a different perspective.
Andy Seaman, manager of the Stratton Street Net Foreign Assets Bond Fund, presented his views.
Rather than looking at the debt markets via the traditional divide of developed and emerging markets, Andy turns the universe upside down and believes it makes more sense to separate creditors from debtors, and countries’ ability to repay debt.
Investing in fixed income based on index weights simply means having to buy more of a country or company’s debt as it becomes more indebted – Stratton Street invests in wealthy countries that can repay their debt.
To watch the presentation please press play below.