Video: Key long-term themes for bond markets and the impact on today’s portfolios
Disruptive technologies are accelerating while companies face deglobalisation and high bond yields. Investors need to think long term in be able to manage the short term.
Long-term drivers of bond markets are accelerating, and investors need to act now. In this second part of a three-part series, Mat Rees, head of global bond strategies, joins Ben Bennett, head of investment strategy Asia, to discuss the big themes set to disrupt markets in the coming years. Several factors point to structurally higher inflation and bonds yields, but this is partially offset by productivity enhancing AI and China’s economic transition. The energy transition remains another key driver for corporate health in the coming years. Companies will need to adapt in order to thrive, and many will fall by the wayside. Avoiding the losers is just as important as picking the winners for bond investors.
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Ben Bennett
Head of Investment Strategy, Asia
Ben joined LGIM’s London team in 2008, initially focusing on credit strategy before taking on the role of Head of Investment Strategy and Research, coordinating LGIM’s research from long-term themes to short term market drivers. He also chaired the monthly investment macro meeting for many years, a key input for portfolio risk across the active strategies. He relocated to Hong Kong in 2020, joining the LGIM Asia Board as a Director and was appointed Head of Investment Strategy, Asia, to help grow LGIM’s investment business across the APAC region. Ben started his career in 1999 as a credit strategist at Dresdner Kleinwort Benson in London, before performing the same role at both BNP Paribas and Lehman Brothers. Ben holds an MA in Mathematics from Queens' College, Cambridge University.
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