A year of opportunity for fixed income

There’s no doubt that 2022 was a challenging year for fixed income. But with the US Federal Reserve expected to end its rate-hiking cycle in mid-2023, investors are faced with two options: sit on the side lines or invest. In this Spotlight guide, we discuss the prospects for this year and how fixed income investors might cautiously start to take on more risk. We then look at three different approaches that they might take depending on their objectives and risk appetite: high quality, high yield and a flexible strategy.