The European Fixed Income Market and its Radical Transformation
The rise in volatilities, changes in correlations, the reduction in low-risk assets and low real
rates are challenging investors in the European Fixed Income market. Active Managers could benefit from the new scenarios opened by the fine-tuning of monetary policies and the normalizations of economic conditions in the Eurozone, to source additional alpha returns for their investors. Risk Budgeting identifies the optimal mix of portfolio strategies based on a quantitative assessment of their contribution to overall portfolio risk. At Pioneer Investments, we are continuously developing our active management capabilities.