Bill Adams, the global fixed income CIO at MFS Investment Management, is an educator, impressing on investors the lessons they need to understand to challenge the domestic bias inn so many fixed income portfolios.
It took decades and numerous changes in regulation and technological capabilities but equity investors are starting to look further afield for their allocations so why not fixed income investors?
The lesson he has learned – that he talks through here – is to stop running away from duration; the lesson he is still learning is to understand the causes of low rates that may allow him to expand his investment toolkit.
