{"id":214028,"date":"2024-11-05T09:28:00","date_gmt":"2024-11-05T09:28:00","guid":{"rendered":"https:\/\/www.quoniam.com\/?p=214028"},"modified":"2025-03-17T13:10:48","modified_gmt":"2025-03-17T13:10:48","slug":"us-elections-fi-factor-strategies","status":"publish","type":"post","link":"https:\/\/www.quoniam.com\/en\/article\/us-elections-fi-factor-strategies\/","title":{"rendered":"US elections: Business as usual for fixed income factor strategies"},"content":{"rendered":"\n
\n

Asset managers and investment banks are currently assessing probabilities for various outcomes and their implications on performance. Will interest rates rise or fall and will rates volatility remain elevated or will it fade? Which sectors will outperform? And are there individual companies that are likely to profit from or suffer under the new policies?<\/p>\n\n\n\n

Systematic credit investors can be relaxed watching the upcoming elections. In the graph below we show monthly returns of a credit multi-factor portfolio. We highlighted the months in which presidential elections took place in the US. As can be seen, the return level does not seem to be strongly influenced by the political events. Returns in the election months do not differ significantly from the months before and afterwards. Moreover, there is also no visible pick-up in volatility in the data. It seems that credit factor returns were not impacted during the last four US presidential elections.<\/p>\n\n\n\n

This is in line with the goals of factor investing to earn factor premia independent of the market environment. While fundamental credit manager may or may not be successful frontrunning the market moves after November 5, there is a high likelihood that the presidency will be business usual for factor strategies.<\/p>\n\n\n\n

Systematic credit investors can be relaxed watching the upcoming elections<\/strong>.<\/p>\n<\/div><\/div>\n\n\n\n

\n
\"\"
Highlighted are months in which US presidential elections took place.
Source: Quoniam Asset Management GmbH<\/figcaption><\/figure>\n<\/div><\/div>\n\n\n\n
<\/div>\n\n\n\n
YOU MIGHT ALSO BE INTERESTED IN<\/h6>\n\n\n\n
\n\n
\n
\n \n
\n
\n
\n <\/a> \n
\n \n
<\/div>\n <\/div>\n
\n
\n
\n Article\n \n <\/div>\n
\n July 2026\n <\/div>\n <\/div>\n
From price shock to physical scarcity<\/div>\n
\n

Commodity shocks are usually assessed through prices and inflation. But what happens when inventories run low and markets can no longer absorb the disruption? Dr Harald Henke, Principal Investment Strategist Fixed Income, explains how physical scarcity can spread through global supply chains and reshape credit risk across regions and sectors.<\/p>\n \n \n <\/div>\n <\/div>\n <\/div>\n <\/div>\n

\n
\n <\/a> \n
\n \n
<\/div>\n <\/div>\n
\n
\n
\n Article\n \n <\/div>\n
\n July 2026\n <\/div>\n <\/div>\n
Market commentary bonds: Yields up, spreads resilient<\/div>\n
\n

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

\n
\n <\/a> \n
\n \n
<\/div>\n <\/div>\n
\n
\n
\n Artikel\n \n <\/div>\n
\n June 2026\n <\/div>\n <\/div>\n
Quoniam wins multiple LSEG Lipper Fund Awards 2026<\/div>\n
\n

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 \n \n <\/div>\n <\/div>\n<\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Asset managers and investment banks are currently assessing probabilities for various outcomes and their implications on performance. Will interest rates rise or fall and will rates volatility remain elevated or will it fade? Which sectors will outperform? And are there individual companies that are likely to profit from or suffer under the new policies? Systematic […]<\/p>\n","protected":false},"author":11,"featured_media":6721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"US elections: Business as usual for fixed income factor strategies","_seopress_titles_desc":"On November 5, 2024, a new US president will be elected. Will we see a continuation of the Trump presidency \u2013 after a 4 year break \u2013 or will the Democrats retain the presidency? ","_seopress_robots_index":"","footnotes":""},"categories":[44,115],"tags":[91,84,107],"class_list":["post-214028","post","type-post","status-publish","format-standard","has-post-thumbnail","category-article","category-artikel-en","tag-capital-markets","tag-fixed-income","tag-kapitalmarkt-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/posts\/214028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/types\/post"}],"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=214028"}],"version-history":[{"count":3,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/posts\/214028\/revisions"}],"predecessor-version":[{"id":214037,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/posts\/214028\/revisions\/214037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/media\/6721"}],"wp:attachment":[{"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/media?parent=214028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/categories?post=214028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.quoniam.com\/en\/wp-json\/wp\/v2\/tags?post=214028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}