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LiveCast: It is Not Just About Coupons: How to Think About Bonds and Total Return
by Gibson Smith, Paul Baiocchi, CFA, and Todd Rosenbluth of SS&C ALPS Advisors, 2/15/24

It is no secret that fixed income has been going through unusual times. Investors seeking to capitalize on opportunities and avoid obstacles need to have a robust understanding of the fixed income outlook for 2024.

Join SS&C ALPS Advisors, VettaFi, and Gibson Smith of Smith Capital Investors for a detailed look at the state of fixed income going into the new year.

Midyear Market Update
by Gibson Smith of Smith Capital Investors, 7/24/19

This paper discusses Smith Capital Investor’s mid-year update to its 2019 outlook on key trends including interest rates, the Fed, credit, curves, CEO/CFO behavior, Washington/politics, and active fixed income.

2019 – The Year of Volatility and a Year to Stay Active – Interest Rates
by Gibson Smith of Smith Capital Investors, 3/1/19

This paper discusses Smith Capital Investor’s 2019 outlook on interest rates, with a focus on likely volatility in 2019 and the implications of stocks and bonds moving in tandem.

2019 – The Year of Volatility and a Year to Stay Active
by Gibson Smith of Smith Capital Investors, 2/5/19

This paper discusses Smith Capital Investor’s 2019 outlook, with an examination of the key themes they expect to drive markets. Among these are continued volatility, interest rates, the Fed, credit, credit and rate curves, CEO/CFO and board behaviors, political developments, and active vs. passive management in fixed income specifically.

Are We Headed for a Hangover?
by Gibson Smith of Janus Henderson Investors, 5/12/15
It’s late, and the punch bowl is half full. With central banks around the globe still in accommodative mode, the threat that the Federal Reserve (Fed) will pull away the punch bowl sets up the markets for some real disruption. Until then, let the party continue.

Shut off the Noise, Hear the Risks
by Gibson Smith of Janus Henderson Investors, 2/17/15

Janus Fixed Income CIO Gibson Smith believes volatility in the fixed income market may represent a greater risk than a sustained increase in rates.

How the Long Bond Stole the Trophy
by Gibson Smith of Janus Henderson Investors, 11/14/14
The aggressive bet many investors made on long-end rates in 2014 was the equivalent of betting on a Hail Mary pass to win the game. It has been rewarding, but is it repeatable? Probably not. Janus Fixed Income CIO Gibson Smith reflects on why he believes consistency beats the long shot, in sports and in investing.

Nowhere to Hide: Navigating Rising Rate Risk in High-Yield Markets
by Gibson Smith, Colleen Denzler of Janus Henderson Investors, 10/4/13
Over the past few years, investors have flocked to high-yield credit, many believing it a good way to mitigate their interest rate risk as well as capture additional yield. However, they may not realize the level of rate risk that has followed them. High-yield indices, negatively correlated to five-year Treasury bond yields over the past 15 years, have been positively correlated for the past year.

Rising Rate: Challenge and Opportunity
by Gibson Smith, Lindsay Bernum of Janus Henderson Investors, 7/10/13
While the prospect of rising interest rates generally strikes fear into the hearts of fixed income investors, its important to remember that periods of rising rates are normal and can create opportunities for active bond managers. Since 1970 there have been 21 periods in which interest rates rose significantly. While each has had its own unique characteristics, over the past 20 years equities have rallied during these periods, which has tended to support corporate credit markets.

Currency Wars: A Case for the U.S. Dollar
by Gibson Smith, Chris Diaz of Janus Henderson Investors, 6/27/13
In recent years, the U.S. dollar has tended to lose value when the global economy improves, as investors are more willing to take risks. We believe that pattern has changed and that the U.S. dollar will outperform the Japanese yen, the euro and the British pound over the medium term, even if the global economy continues to improve. In our view, current conditions justify a material deviation in currency exposure compared with certain global fixed income benchmarks, such as the Barclays Global Aggregate Bond Index.

What is the dynamic allocation investment process?
by Marc Pinto and Gibson Smith of Janus Henderson Investors, 6/24/13
Janus Balanced Fund Portfolio Manager Marc Pinto discusses how he and Co-Manager Gibson Smith alter the amount of equity and fixed income in the portfolio based on market conditions.

What is the dynamic allocation investment process?
by Marc Pinto and Gibson Smith of Janus Henderson Investors, 5/22/13
Janus Balanced Fund Portfolio Manager Marc Pinto discusses how he and Co-Manager Gibson Smith alter the amount of equity and fixed income in the portfolio based on market conditions.
12 results found.