Investing in Fixed Income

We cover a broad spectrum of fixed income strategies to help investors build diverse portfolios that can be more resilient to economic and market shifts.

Fixed income in numbers 1

€474 bn
of assets
c.100
fixed income professionals
25 + years
experience in fixed income

Our approach to fixed income

Fixed income can help preserve capital, generate regular income from coupon payments on fixed rate bonds, and help to offset market fluctuations over time. It can also provide diversification in a portfolio that includes other asset classes, including generally riskier ones, like equities.

Weather economic ups and downs

We've managed fixed income portfolios through economic ups and downs for decades. Our global team of local experts draw on our robust research capabilities and have extensive experience in monitoring risk.

Multi-tiered risk approach

We understand credit, interest rate, inflation, liquidity, and market risks, and we manage against them with the aim of delivering favourable results over the long term.

Backed by research

We use global macroeconomic insights, bottom-up company credit analysis, and an assessment of ESG factors to navigate the increasingly complex fixed income market.

Full spectrum investing

We offer a comprehensive range of strategies spanning the whole spectrum of the fixed income universe across developed and emerging markets, government and corporate debt, and investment grade and high yield markets.

Flagship strategies

We actively manage investments for our clients, with the aim of delivering positive total return or outperforming market benchmarks.

Our global fixed income capabilities

Our full offering

View funds
We offer a range of actively managed and passive investments for our clients. Our actively managed strategies aim to delivering positive total return or outperform market benchmarks.
Our offering
We combine deep, local market expertise with top-down, macroeconomic research to create a robust, repeatable investment process that's been tested throughout the credit cycle. Our portfolio managers have access to all this research, and the expertise of our trading and engineering teams, at all times.
Our offering
High yield bonds typically offer investors higher income to compensate for the risk of the lower credit rating and, as such, offer investors a higher risk, higher return option than more traditional fixed income markets. We believe that the key to achieving potential attractive returns within high yield is to compound income and avoid capital loss.
Our offering
Short duration bonds are ideal for conservative investors looking for quicker returns to reinvest. We generally invest in bonds with maturities of five years or less and seek to capture high current income with low overall volatility.
Our offering
We aim to deliver portfolio performance with a low correlation to both interest rate and credit risk. We avoid benchmark allocations – instead, we invest across defined risk buckets and seek returns from a diverse set of fixed income strategies.
Our offering
Over time, rising prices can erode the value of savings and investments. Inflation-linked bonds are fixed income securities designed to limit the impact of inflation on investors’ capital by linking the bond's principal and interest payments to a measure of inflation.
Our offering
Our ETF range encompasses both active and passive fixed income options, including ones with a sustainable approach, to enable you to efficiently broaden your fixed income investment options.
Our offering
We have a diversified and active approach to capturing opportunities in global fixed income, with the aim of outperforming an aggregate benchmark. The strategy is managed by a dedicated team with over 25 years’ experience in aggregate investing, who are supported by specialised, local credit teams.
Our offering
We seek highly rated bonds with the potential to add valuable portfolio diversification. We actively manage the asset allocation according to the investment teams' judgement based on our strong research capabilities, with the aim of generating repeatable performance over the economic cycle.
Our offering
Our Buy and Maintain strategy aims to mitigate downside investment risk through a high level of diversification across sectors, regions, and issuers.
Our offering
Emerging markets are quickly becoming drivers of global growth and are home to some of the world's most innovative companies. Our emerging markets team focuses on income generation, while attempting to mitigate risk, and aim for attractive returns through a conviction-based, long-term investment approach.
Our offering
Increased liquidity in portfolios can help to ride out economic uncertainties. We've run cash portfolios for 25+ years, with rigorous liquidity management as a key priority. We also ensure diversity of issuers, sectors, countries, and maturities.

We believe our extensive experience and expertise helps us identify opportunities and be adaptable to fast-changing markets.

Marion Le Morhedec
Global Head of Fixed Income
ESG

Responsible Investing

We believe that by building a powerful understanding of ESG risks and opportunities into an investment, we can better target sustainable returns while contributing to better outcomes for people and the planet.

Find out more

Meet the team

Marion Le Morhedec
Global Head of Fixed Income
Boutaina Deixonne
Head of Euro IG and HY Credit
David Fourgoux
Co-Head of US IG Credit
Frank Olszewski
Head of IG Active US Credit, AXAIM Core
Jérôme Broustra
Head of Fixed Income Global Rates
Lionel Pernias
Head of Buy and Maintain, London
Magda Branet
Head of EM & Asian Fixed Income
Mikael Pacot
Head of Money Markets and Euro rates
Mike Graham
Head of US High Yield
Nick Hayes
Head of Total Return & Fixed Income Asset Allocation
Thomas Coudert
Head of FI sustainability

Related articles

View all articles
Asset Class Fixed Income

Why greenium may no longer be a source of worryContient une vidéo

 Investment Institute
Asset Class Fixed Income

Optimising total return with short duration in euro credit markets
  • by Boutaina Deixonne
  • 09 July 2024 (3 min read)
Investment Institute
Asset Class Fixed Income

Fixed Income Market Update - June 2024Contient une vidéo

 Investment Institute
Asset Class Fixed Income

Euro credit market update - June 2024Contient une vidéo
  • by Boutaina Deixonne
  • 25 June 2024 (3 min read)
Investment Institute
Asset Class Fixed Income

US high yield: Broader financing options soften impact of higher rates
  • by Jack Stephenson, Mike Graham
  • 19 June 2024 (7 min read)
Investment Institute
Asset Class Fixed Income

US investment grade credit bounces back from its nadir

  • by Jack Stephenson
  • 03 June 2024 (5 min read)
Investment Institute

    Disclaimer

    This document is for informational purposes only and does not constitute investment research or financial analysis relating to transactions in financial instruments as per MIF Directive (2014/65/EU), nor does it constitute on the part of AXA Investment Managers or its affiliated companies an offer to buy or sell any investments, products or services, and should not be considered as solicitation or investment, legal or tax advice, a recommendation for an investment strategy or a personalized recommendation to buy or sell securities.

    Due to its simplification, this document is partial and opinions, estimates and forecasts herein are subjective and subject to change without notice. There is no guarantee forecasts made will come to pass. Data, figures, declarations, analysis, predictions and other information in this document is provided based on our state of knowledge at the time of creation of this document. Whilst every care is taken, no representation or warranty (including liability towards third parties), express or implied, is made as to the accuracy, reliability or completeness of the information contained herein. Reliance upon information in this material is at the sole discretion of the recipient. This material does not contain sufficient information to support an investment decision.

    Past performance is not a guide to current or future performance, and any performance or return data displayed does not take into account commissions and costs incurred when issuing or redeeming units. References to league tables and awards are not an indicator of future performance or places in league tables or awards and should not be construed as an endorsement of any AXA IM company or their products or services. Please refer to the websites of the sponsors/issuers for information regarding the criteria on which the awards/ratings are based.