{"id":133221,"date":"2023-12-01T09:22:47","date_gmt":"2023-12-01T09:22:47","guid":{"rendered":"https:\/\/www.quoniam.com\/?page_id=133221"},"modified":"2026-01-16T08:07:22","modified_gmt":"2026-01-16T08:07:22","slug":"fixedincome","status":"publish","type":"page","link":"https:\/\/www.quoniam.com\/en\/strategies\/fixedincome\/","title":{"rendered":"Fixed income: diversification as a success factor"},"content":{"rendered":"\n<div class=\"wp-block-group is-style-smallBG\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Research proves it: For institutional portfolios, a systematic multi-factor approach offers greater diversification in terms of the investment universe and a better risk-return profile than traditional fundamental approaches.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Asset owners often manage their own bond portfolios or outsource them to traditional fundamental managers. However, both approaches may not tap into the breadth and depth of the full global universe and return sources. A data-driven, factor-based approach can open new potential for bond portfolios, complementing traditional fundamental approaches.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-color-grey-light-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h6 class=\"wp-block-heading has-text-align-center\">DATA-DRIVEN FIXED INCOME SOLUTIONS<\/h6>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image is-resized\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.quoniam.com\/en\/investment-grade-credit\/\"><img loading=\"lazy\" decoding=\"async\" width=\"627\" height=\"627\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/05\/FI_IG-Credit.jpg\" alt=\"\" class=\"wp-image-251210\" style=\"width:auto;height:250px\" srcset=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/05\/FI_IG-Credit.jpg 627w, https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/05\/FI_IG-Credit-300x300.jpg 300w, https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/05\/FI_IG-Credit-150x150.jpg 150w\" sizes=\"auto, (max-width: 627px) 100vw, 627px\" \/><\/a><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">Investment Grade Credit<\/h3>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">Capture the return potential of corporate bonds with a systematic approach<\/p>\n\n\n\n<p style=\"text-align: center;\"><a class=\"textLink\" href=\"https:\/\/www.quoniam.com\/en\/investment-grade-credit\/\">Learn more<\/a><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image is-resized\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.quoniam.com\/en\/fixedincome\/high-yield-minrisk\/\"><img loading=\"lazy\" decoding=\"async\" width=\"627\" height=\"627\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/05\/FI_HY-MinRisk.jpg\" alt=\"\" class=\"wp-image-251206\" style=\"width:auto;height:250px\" srcset=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/05\/FI_HY-MinRisk.jpg 627w, https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/05\/FI_HY-MinRisk-300x300.jpg 300w, https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/05\/FI_HY-MinRisk-150x150.jpg 150w\" sizes=\"auto, (max-width: 627px) 100vw, 627px\" \/><\/a><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">High Yield MinRisk<\/h3>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">Exploiting opportunities, reducing risks<\/p>\n\n\n\n<p style=\"text-align: center;\"><a class=\"textLink\" href=\"https:\/\/www.quoniam.com\/en\/fixedincome\/high-yield-minrisk\/\">Learn more<\/a><\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group is-style-default\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading has-text-align-center\">Your advantage: We act science-based and systematic<\/h2>\n\n\n\n\n\n    <ul class=\"bullet-point-lists bullet_point_lists--appereance-type-boxes qm-element bullet_point_lists--single\" style=\"--color:;\">\n                <li>\n           <div class=\"bullet_point_list_title\" > <\/div>\n            <ul class=\"bullet_point_list bullet_point_list--icon-type-Check\">\n                                    <li class=\"bullet-point\">\n                        <div class=\"bullet-point__icon\">\n                            <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/themes\/wp_quoniam\/Resources\/Public\/Images\/check.svg\" loading=\"lazy\" alt=\"Bullet Point Icon\"\/>\n                        <\/div>\n                        <div class=\"bullet-point__text\">\n                            <b>Larger investment universe:<\/b> Quoniam&#8217;s data-driven approach efficiently analyses the global investment universe, providing access to more sources of return.\n                        <\/div>\n                    <\/li>\n                                    <li class=\"bullet-point\">\n                        <div class=\"bullet-point__icon\">\n                            <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/themes\/wp_quoniam\/Resources\/Public\/Images\/check.svg\" loading=\"lazy\" alt=\"Bullet Point Icon\"\/>\n                        <\/div>\n                        <div class=\"bullet-point__text\">\n                            <b>High diversification:<\/b> Portfolios hold a large number of small, active positions, resulting in high diversification and low tracking error.\n                        <\/div>\n                    <\/li>\n                                    <li class=\"bullet-point\">\n                        <div class=\"bullet-point__icon\">\n                            <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/themes\/wp_quoniam\/Resources\/Public\/Images\/check.svg\" loading=\"lazy\" alt=\"Bullet Point Icon\"\/>\n                        <\/div>\n                        <div class=\"bullet-point__text\">\n                            <b>Alternative performance drivers:<\/b> While fundamental approaches often generate returns through an active carry strategy, Quoniam incorporates more sources of return such as value and momentum.\n                        <\/div>\n                    <\/li>\n                            <\/ul>\n        <\/li>\n        <\/ul>\n<!-- \/News Slider --><\/div><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.quoniam.com\/en\/video\/fixed-income-factor-investing-part-1\/\"><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"250\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/07\/video-link-1-2.jpg\" alt=\"\" class=\"wp-image-258732\" srcset=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/07\/video-link-1-2.jpg 250w, https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/07\/video-link-1-2-150x150.jpg 150w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-medium-font-size wp-block-paragraph\">How can investors profit from investing in fixed income factor strategies?<\/p>\n\n\n\n<p style=\"text-align: center;\"><a class=\"textLink\" href=\"https:\/\/www.quoniam.com\/en\/video\/fixed-income-factor-investing-part-1\/\">Video part 1<\/a><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.quoniam.com\/en\/video\/fixed-income-factor-investing-part-2\/\"><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"250\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/07\/video-link-2-1.jpg\" alt=\"\" class=\"wp-image-258708\" srcset=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/07\/video-link-2-1.jpg 250w, https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/07\/video-link-2-1-150x150.jpg 150w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-medium-font-size wp-block-paragraph\">How can investors profit from investing in fixed income factor strategies?<\/p>\n\n\n\n<p style=\"text-align: center;\"><a class=\"textLink\" href=\"https:\/\/www.quoniam.com\/en\/video\/fixed-income-factor-investing-part-2\/\">Video part 2<\/a><\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-color-grey-light-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n\n    <div class=\"zitat-klein qm-element\" style=\"--color:;\">\n            <div class=\"zitat-klein__image\">\n                                                            <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/07\/D-W_zitat_Henke.jpg\" alt=\"\" loading=\"lazy\"\/>\n                            <\/div>\n            <div class=\"zitat-klein__content\">\n                                    <div class=\"zitat-klein__zitat\">\n                    \n                                                    Systematic factor strategies can unlock hidden sources of return and risk that traditional, discretionary \r\nstrategies often cannot.\n                                            <\/div>\n                                                     <div class=\"zitat-klein__person-info\">\n                        <span class=\"zitat-klein__name\"><strong>Dr Harald Henke<\/strong>, <\/span>\n                        <span class=\"zitat-klein__position\">Principal Investment Strategist Fixed Income<\/span>\n                    <\/div>\n                        <\/div>\n    <\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h6 class=\"wp-block-heading has-text-align-center\">insights<\/h6>\n<\/div><\/div>\n\n\n\n\n<div class=\"smallBGwhite qm-element\">\n    <div class=\"grid-container\">\n    \n        <div class=\"grid-x grid-margin-y grid-padding-x small-up-1 medium-up-3 \">\n                            <div class=\"newsSliderWrapper qm-element\">\n                    <div class=\"newsSlider\">\n                                                    <div class=\"slide\">\n                                                                        <div class=\"newsTeaserWrapper cell\">\n                                                <div class=\"newsTeaser \">\n                                                    <a class=\"link-overlay\" href=\"https:\/\/www.quoniam.com\/en\/article\/bonds-yields-up-spreads-resilient\/\" title=\"Market commentary bonds: Yields up, spreads resilient\"><\/a> \n                                                    <div class=\"image\">\n                                                        <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2026\/07\/2026-07_review-HH-448x220-c-default.jpg\" loading=\"lazy\" \/>\n                                                        <div class=\"play-button-overlay\"><\/div>\n                                                    <\/div>\n                                                    <div class=\"info\">\n                                                        <div class=\"preHeader\">\n                                                            <div class=\"cat\">\n                                                                Article\n                                                                \n                                                            <\/div>\n                                                            <div class=\"date\">\n                                                                July 2026\n                                                            <\/div>\n                                                        <\/div>\n                                                        <div class=\"headline\">Market commentary bonds: Yields up, spreads resilient<\/div>\n                                                        <div class=\"introText\">\n                                                                                                                            <p>The Iran war has led to higher inflation and interest rates, while the further outlook remains unpredictable given erratic US policy. In this environment, credit spreads have reacted with surprising stability. Systematic credit factors were able to generate slight gains overall, as Dr Harald Henke, Principal Investment Strategist Fixed Income, explains.<\/p>\n \n                                                             \n                                                        <\/div>\n                                                    <\/div>\n                                                <\/div>\n                                        <\/div>\n                                                            <\/div>\n                                                    <div class=\"slide\">\n                                                                        <div class=\"newsTeaserWrapper cell\">\n                                                <div class=\"newsTeaser \">\n                                                    <a class=\"link-overlay\" href=\"https:\/\/www.quoniam.com\/en\/artikel-en\/lipper-fund-awards-2026\/\" title=\"Quoniam wins multiple LSEG Lipper Fund Awards 2026\"><\/a> \n                                                    <div class=\"image\">\n                                                        <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2026\/06\/2026-06_lipperfund-448x220-c-default.jpg\" loading=\"lazy\" \/>\n                                                        <div class=\"play-button-overlay\"><\/div>\n                                                    <\/div>\n                                                    <div class=\"info\">\n                                                        <div class=\"preHeader\">\n                                                            <div class=\"cat\">\n                                                                Artikel\n                                                                \n                                                            <\/div>\n                                                            <div class=\"date\">\n                                                                June 2026\n                                                            <\/div>\n                                                        <\/div>\n                                                        <div class=\"headline\">Quoniam wins multiple LSEG Lipper Fund Awards 2026<\/div>\n                                                        <div class=\"introText\">\n                                                                                                                            <p>Quoniam Funds Selection SICAV European Equities EUR A Dis, Quoniam Fund Selection SICAV \u2013 Euro Credit EUR A Dis and Quoniam Funds Selection SICAV Global Credit MinRisk EUR A hedged Dis have been announced as winners at the LSEG Lipper Fund Awards 2026.<\/p>\n \n                                                             \n                                                        <\/div>\n                                                    <\/div>\n                                                <\/div>\n                                        <\/div>\n                                                            <\/div>\n                                                    <div class=\"slide\">\n                                                                        <div class=\"newsTeaserWrapper cell\">\n                                                <div class=\"newsTeaser \">\n                                                    <a class=\"link-overlay\" href=\"https:\/\/www.quoniam.com\/en\/article\/oil-price-shocks-energy-sector-credit-spreads\/\" title=\"Oil price shocks and energy sector credit spreads\"><\/a> \n                                                    <div class=\"image\">\n                                                        <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2026\/04\/2026-03_oelpreisStory-3-448x220-c-default.png\" loading=\"lazy\" \/>\n                                                        <div class=\"play-button-overlay\"><\/div>\n                                                    <\/div>\n                                                    <div class=\"info\">\n                                                        <div class=\"preHeader\">\n                                                            <div class=\"cat\">\n                                                                Article\n                                                                \n                                                            <\/div>\n                                                            <div class=\"date\">\n                                                                April 2026\n                                                            <\/div>\n                                                        <\/div>\n                                                        <div class=\"headline\">Oil price shocks and energy sector credit spreads<\/div>\n                                                        <div class=\"introText\">\n                                                                                                                            <p>Oil price increases are often seen as supportive for energy credit. Our analysis shows a more complex reality: The impact depends less on the price move itself and more on what drives it. Distinguishing between supply- and demand-driven shocks reveals fundamentally different credit outcomes across energy sub-sectors.<\/p>\n \n                                                             \n                                                        <\/div>\n                                                    <\/div>\n                                                <\/div>\n                                        <\/div>\n                                                            <\/div>\n                                                    <div class=\"slide\">\n                                                                        <div class=\"newsTeaserWrapper cell\">\n                                                <div class=\"newsTeaser \">\n                                                    <a class=\"link-overlay\" href=\"https:\/\/www.quoniam.com\/en\/article\/minrisk-stability-diversification\/\" title=\"MinRisk strategies: More stability when diversification falls short\"><\/a> \n                                                    <div class=\"image\">\n                                                        <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2026\/04\/2026-04_MinRisk-448x220-c-default.png\" loading=\"lazy\" \/>\n                                                        <div class=\"play-button-overlay\"><\/div>\n                                                    <\/div>\n                                                    <div class=\"info\">\n                                                        <div class=\"preHeader\">\n                                                            <div class=\"cat\">\n                                                                Article\n                                                                \n                                                            <\/div>\n                                                            <div class=\"date\">\n                                                                April 2026\n                                                            <\/div>\n                                                        <\/div>\n                                                        <div class=\"headline\">MinRisk strategies: More stability when diversification falls short<\/div>\n                                                        <div class=\"introText\">\n                                                                                                                            <p>Geopolitical tensions are hitting markets at a time when traditional diversification is becoming less reliable. As multiple risk factors move in tandem, portfolios can come under pressure across asset classes. MinRisk strategies address this challenge by focusing on what matters most: systematically controlling downside risk and improving portfolio resilience in periods of elevated uncertainty.<\/p>\n \n                                                             \n                                                        <\/div>\n                                                    <\/div>\n                                                <\/div>\n                                        <\/div>\n                                                            <\/div>\n                                                    <div class=\"slide\">\n                                                                        <div class=\"newsTeaserWrapper cell\">\n                                                <div class=\"newsTeaser \">\n                                                    <a class=\"link-overlay\" href=\"https:\/\/www.quoniam.com\/en\/article\/bonds-war-iran-oil-price-inflation-economic-shock\/\" title=\"Market commentary bonds: War in Iran: Oil price, inflation and economic shock\"><\/a> \n                                                    <div class=\"image\">\n                                                        <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2026\/04\/2026-04_review_HH-448x220-c-default.jpg\" loading=\"lazy\" \/>\n                                                        <div class=\"play-button-overlay\"><\/div>\n                                                    <\/div>\n                                                    <div class=\"info\">\n                                                        <div class=\"preHeader\">\n                                                            <div class=\"cat\">\n                                                                Article\n                                                                \n                                                            <\/div>\n                                                            <div class=\"date\">\n                                                                April 2026\n                                                            <\/div>\n                                                        <\/div>\n                                                        <div class=\"headline\">Market commentary bonds: War in Iran: Oil price, inflation and economic shock<\/div>\n                                                        <div class=\"introText\">\n                                                                                                                            <p>At the start of the year, the conflict in the Middle East had a noticeable impact on the capital markets. Rising energy prices, shifting interest rate expectations and higher credit risks are the result. Dr Harald Henke, Principal Investment Strategist Fixed Income, analyses what the market reactions reveal about inflation, the economy and current market positioning.<\/p>\n \n                                                             \n                                                        <\/div>\n                                                    <\/div>\n                                                <\/div>\n                                        <\/div>\n                                                            <\/div>\n                                                    <div class=\"slide\">\n                                                                        <div class=\"newsTeaserWrapper cell\">\n                                                <div class=\"newsTeaser \">\n                                                    <a class=\"link-overlay\" href=\"https:\/\/www.quoniam.com\/en\/article\/oil-price-shocks-investment-grade-credit-spreads\/\" title=\"Oil price shocks and the dynamics of investment grade credit spreads\"><\/a> \n                                                    <div class=\"image\">\n                                                        <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2026\/03\/2026-03_oelpreisStory-2-448x220-c-default.png\" loading=\"lazy\" \/>\n                                                        <div class=\"play-button-overlay\"><\/div>\n                                                    <\/div>\n                                                    <div class=\"info\">\n                                                        <div class=\"preHeader\">\n                                                            <div class=\"cat\">\n                                                                Article\n                                                                \n                                                            <\/div>\n                                                            <div class=\"date\">\n                                                                March 2026\n                                                            <\/div>\n                                                        <\/div>\n                                                        <div class=\"headline\">Oil price shocks and the dynamics of investment grade credit spreads<\/div>\n                                                        <div class=\"introText\">\n                                                                                                                            <p>Rising oil prices are often seen as a headwind for credit markets\u2014but their effect on spreads is far from uniform. What matters is not just the shock itself, but the broader financial backdrop. This context is key to understanding the current reaction of credit spreads to the Iran-related oil surge.<\/p>\n \n                                                             \n                                                        <\/div>\n                                                    <\/div>\n                                                <\/div>\n                                        <\/div>\n                                                            <\/div>\n                                                    <div class=\"slide\">\n                                                                        <div class=\"newsTeaserWrapper cell\">\n                                                <div class=\"newsTeaser \">\n                                                    <a class=\"link-overlay\" href=\"https:\/\/www.quoniam.com\/en\/article\/credit-spreads-dispersion-technology-bubbles-dotcom-ai\/\" title=\"Credit spreads, dispersion and the detection of technology bubbles \u2013 Dotcom era vs. AI cycle\"><\/a> \n                                                    <div class=\"image\">\n                                                        <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2026\/03\/2026-02_Header_CreditSpreads-IT.svg\" loading=\"lazy\" \/>\n                                                        <div class=\"play-button-overlay\"><\/div>\n                                                    <\/div>\n                                                    <div class=\"info\">\n                                                        <div class=\"preHeader\">\n                                                            <div class=\"cat\">\n                                                                Article\n                                                                \n                                                            <\/div>\n                                                            <div class=\"date\">\n                                                                March 2026\n                                                            <\/div>\n                                                        <\/div>\n                                                        <div class=\"headline\">Credit spreads, dispersion and the detection of technology bubbles \u2013 Dotcom era vs. AI cycle<\/div>\n                                                        <div class=\"introText\">\n                                                                                                                            <p>Do credit spreads contain early warning signals during technology-driven equity booms? A comparison of the Dotcom era and the current AI cycle shows that spreads primarily signal financial fragility in stress regimes \u2013 not valuation excess.<\/p>\n \n                                                             \n                                                        <\/div>\n                                                    <\/div>\n                                                <\/div>\n                                        <\/div>\n                                                            <\/div>\n                                                    <div class=\"slide\">\n                                                                        <div class=\"newsTeaserWrapper cell\">\n                                                <div class=\"newsTeaser \">\n                                                    <a class=\"link-overlay\" href=\"https:\/\/www.quoniam.com\/en\/article\/oil-price-shocks-safe-haven-us-interest-rates\/\" title=\"Oil price shocks, safe-haven demand and the dynamics of US interest rates\"><\/a> \n                                                    <div class=\"image\">\n                                                        <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2026\/03\/2026-03_oelpreis_HH-448x220-c-default.jpg\" loading=\"lazy\" \/>\n                                                        <div class=\"play-button-overlay\"><\/div>\n                                                    <\/div>\n                                                    <div class=\"info\">\n                                                        <div class=\"preHeader\">\n                                                            <div class=\"cat\">\n                                                                Article\n                                                                \n                                                            <\/div>\n                                                            <div class=\"date\">\n                                                                March 2026\n                                                            <\/div>\n                                                        <\/div>\n                                                        <div class=\"headline\">Oil price shocks, safe-haven demand and the dynamics of US interest rates<\/div>\n                                                        <div class=\"introText\">\n                                                                                                                            <p>Do oil price shocks push bond yields higher\u2014or lower? Historical evidence shows that the answer depends less on the shock itself than on the macroeconomic regime in which it occurs. Understanding this distinction is key to interpreting the current market reaction to the Iran-related oil shock.<\/p>\n \n                                                             \n                                                        <\/div>\n                                                    <\/div>\n                                                <\/div>\n                                        <\/div>\n                                                            <\/div>\n                                                    <div class=\"slide\">\n                                                                        <div class=\"newsTeaserWrapper cell\">\n                                                <div class=\"newsTeaser \">\n                                                    <a class=\"link-overlay\" href=\"https:\/\/www.quoniam.com\/en\/article\/credit-factor-performance-2025-carry-balance\/\" title=\"Credit factor performance 2025: Carry dominated \u2013 but balance prevailed\"><\/a> \n                                                    <div class=\"image\">\n                                                        <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2025\/03\/2025-03_FR-Header-448x220-c-default.jpg\" loading=\"lazy\" \/>\n                                                        <div class=\"play-button-overlay\"><\/div>\n                                                    <\/div>\n                                                    <div class=\"info\">\n                                                        <div class=\"preHeader\">\n                                                            <div class=\"cat\">\n                                                                Article\n                                                                \n                                                            <\/div>\n                                                            <div class=\"date\">\n                                                                March 2026\n                                                            <\/div>\n                                                        <\/div>\n                                                        <div class=\"headline\">Credit factor performance 2025: Carry dominated \u2013 but balance prevailed<\/div>\n                                                        <div class=\"introText\">\n                                                                                                                            <p>The corporate bond markets in 2025 were characterised by volatility in March and April, followed by a rally for the rest of the year that brought spreads down to relatively low levels. Dr Harald Henke, Principal Investment Strategist Fixed Income, examines how systematic credit factors performed in 2025 and what can be expected for factor performance in 2026 in the current market environment of low spreads.<\/p>\n \n                                                             \n                                                        <\/div>\n                                                    <\/div>\n                                                <\/div>\n                                        <\/div>\n                                                            <\/div>\n                                                    <div class=\"slide\">\n                                                                        <div class=\"newsTeaserWrapper cell\">\n                                                <div class=\"newsTeaser \">\n                                                    <a class=\"link-overlay\" href=\"https:\/\/www.quoniam.com\/en\/interview\/corporate-bond-alpha-risk\/\" title=\"Corporate bond portfolios: Are you seeing alpha \u2014 or just taking more risk?\"><\/a> \n                                                    <div class=\"image\">\n                                                        <img decoding=\"async\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2026\/02\/D-W_interview_Hahn-448x220-c-default.jpg\" loading=\"lazy\" \/>\n                                                        <div class=\"play-button-overlay\"><\/div>\n                                                    <\/div>\n                                                    <div class=\"info\">\n                                                        <div class=\"preHeader\">\n                                                            <div class=\"cat\">\n                                                                Interview\n                                                                \n                                                            <\/div>\n                                                            <div class=\"date\">\n                                                                February 2026\n                                                            <\/div>\n                                                        <\/div>\n                                                        <div class=\"headline\">Corporate bond portfolios: Are you seeing alpha \u2014 or just taking more risk?<\/div>\n                                                        <div class=\"introText\">\n                                                                                                                            <p>Comparing fixed income performance is more complicated than it appears. Differences in duration, spread or credit risk can dominate returns, making it difficult to tell whether apparent outperformance reflects genuine security selection or simply higher risk exposure.<\/p>\n \n                                                             \n                                                        <\/div>\n                                                    <\/div>\n                                                <\/div>\n                                        <\/div>\n                                                            <\/div>\n                                            <\/div>\n                <\/div>\n                \n                        \n                \n            \n        <\/div>\n    <\/div>\n<\/div>\n\n\n<div class=\"wp-block-group alignfull has-color-grey-light-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n\n         <div class=\"qm-contact qm-element\" style=\"--color:;\">\n        <div class=\"qm-contact-grid\">\n            <div class=\"qm-contact-grid-item\" style=\"display: flex; align-items: center;\">\n                                    <img decoding=\"async\" class=\"img\" src=\"https:\/\/www.quoniam.com\/wp-content\/uploads\/2024\/01\/kontakt_Willemse.jpg\" alt=\"Jorre Willemse\" loading=\"lazy\"\/>\n                            \n            <\/div>\n            <div class=\"qm-contact-grid-item\">\n                <div class=\"qm-contact-content\">\n                    <p>\n                                            <strong><span class=\"red-font-color\">Get in touch with Quoniam,\u00a0<\/span><\/strong>and let\u2019s discuss your investment goals and how to achieve them.\u00a0Contact us for an analysis of the best strategy for you.\n                                        <\/p>\n                    <div class=\"qm-contact-info\">\n                                                    <strong>Jorre Willemse<\/strong>\n                                                                            <div><div>\n<div>Head of Client Relations International<\/div>\n<div>\n<div><\/div>\n<div>\n<div>T +44 (0) 203 2162 427<\/div>\n<div><span lang=\"DE\"><u><a tabindex=\"-1\" title=\"mailto:info@quoniam.com\" href=\"mailto:info@quoniam.com\" target=\"_blank\" rel=\"noreferrer noopener\">info@quoniam.com<\/a><\/u><\/span><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n                                                <div class=\"socialIcons\">\n                                                                                        <a href=\"https:\/\/www.linkedin.com\/in\/jorrewillemse\/\" target=\"_blank\" title=\"LinkedIn\">\n                                    <div class=\"vs-icon-linkedin\"><\/div>        \n                                <\/a>\n                                                       \n                        <\/div>\n                        \n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n    <\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Research proves it: For institutional portfolios, a systematic multi-factor approach offers greater diversification in terms of the investment universe and a better risk-return profile than traditional fundamental approaches. Asset owners often manage their own bond portfolios or outsource them to traditional fundamental managers. However, both approaches may not tap into the breadth and depth of [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":102836,"parent":6117,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"Fixed income: diversification as a success factor","_seopress_titles_desc":"For institutional portfolios, a systematic multi-factor approach offers greater diversification in terms of the investment universe and a better risk-return profile than traditional fundamental approaches.","_seopress_robots_index":"","footnotes":""},"class_list":["post-133221","page","type-page","status-publish","has-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/pages\/133221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/comments?post=133221"}],"version-history":[{"count":60,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/pages\/133221\/revisions"}],"predecessor-version":[{"id":281365,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/pages\/133221\/revisions\/281365"}],"up":[{"embeddable":true,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/pages\/6117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/media\/102836"}],"wp:attachment":[{"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/media?parent=133221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}