Video: Teiki Benveniste shares his latest Expert Insights with Livewire.
The following was produced and published by Livewire on 14 September 2023.
While the outlook has improved, asset selection remains the key to returns.
Volatility is going to remain, corporate results are going to vary wildly, and defaults might increase.
That’s the lay of the land, according to Ares Global Credit Income Fund portfolio manager and Head of Ares Wealth Management Solutions, Australia, Teiki Benveniste.
But there is no need to panic, according to Benveniste. Instead, being mindful of playing in the right sectors, and extracting the highest possible level of current yield with the minimum amount of volatility is the way to play.
“What it means for us is that when we look at our portfolios, we’re going to be very mindful of the potential price volatility that higher-duration assets may add to our portfolios”, says Benveniste.
In this Expert Insights, Benveniste provides his take on the current interest rates cycle, explains how portfolio positioning has evolved over the past couple of years, and shares his outlook and how that is impacting the way the Ares Global Credit Income Fund is positioned.
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