BNY Mellon Global Credit Fund Q3 2025 update

Income-based returns are back, and investors no longer need to risk equity-type drawdowns or sacrifice liquidity to achieve their investment objectives. In our view, it is an opportune time to increase fixed income allocations.

Global sovereign bonds with currency-hedged exposure may present an attractive tactical investment opportunity amid ongoing uncertainty, according to the BNY Investment Institute. With interest rate differentials currently favouring the US and developed market (DM) government bond yields elevated, the environment supports a positive outlook for fixed income investors seeking income and risk diversification.

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Is there a way of accessing the attractive yield of global investment grade credit with lower volatility? This is a question that Insight Investment increasingly hears from risk-constrained investors as cash rates fall.