What is an aggregate bond mandate?
Institutional investors are shifting a portion of their asset allocation away from UK equities into bonds and alternative investment products, which in turn are becoming more sophisticated as demand grows. An aggregate bond mandate is a fixed income portfolio which includes investments in non-sovereign bonds, such as corporates and mortgages, as well as supranational securities. Managing this array of fixed interest securities requires a broad range of skills. The Morgan Stanley Investment Management fixed income team has extensive experience in adding value in six key sectors of the fixed income market: corporates, mortgages, interest rate risk, yield curve positioning, country and currency management.
