Will the party happen in bonds this year? STANLIB Flexible Income Fund positions for interest rate cuts

Sylvester Kobo, STANLIB’s Deputy Head of Fixed Income, says as interest rates should normalize this year, the STANLIB Flexible Income Fund has significantly reduced its cash position compared with the same period last year. The fund, which has full flexibility, has shifted some profits from property into longer-dated bonds, but is highly aware of looming risks, such as the approaching local elections and tensions in the Middle East. STANLIB’s partnership with J.P. Morgan Asset Management provides the fund managers with global reach and expertise and an open relationship for sharing views.