A global portfolio primarily of inflation-linked bonds
Managed by an experienced team dedicated to government bond strategies
ESG1 factors integrated within the investment process
We believe inflation-linked bond markets exhibit inefficiencies that can be repeatedly exploited by specialist portfolio managers.
Our systematic investment process focuses on careful analysis of the fundamental drivers of asset prices – notably macroeconomic developments, market microstructure considerations, and relative value relationships. This allows us to identify investment opportunities to build a diversified set of exposures that could generate consistent excess returns with limited overall volatility.
Our Inflation-Linked Bond Strategy follows a four-step process:
- Research framework
- Idea generation
- Strategy selection
- Portfolio construction
Team and resources
Our Global Sovereigns, Inflation and Rates team is based in Paris and New York. Cedric Scholtes, who has over 23 years of industry experience, leads the team.
Team members have years of expertise in sovereign and inflation-linked bond portfolio management, as well as extensive market experience including market making and tenures at the Federal Reserve and the Bank of England.
The team also benefits from access to our global trading and risk management platform, Sustainability Centre, Quantitative Research Group, and Macro Research team.
 ESG = Environmental, Social and Governance. ESG assessments are based on BNP Paribas Asset Management’s proprietary methodology which integrates all three aspects of E, S & G.
- Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may take different investment decisions for different clients. This material does not constitute investment advice.
- Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions).