Fixed Income

We believe in active management; it is a driver of differentiation and performance that has its place at the core of the portfolio.

Major Trends

The end of accommodative monetary policies marks a decisive turning point in financial markets. Financing,
once regarded as a mere commodity, is reclaiming its role as a strategic lever with significant added value. Liquidity is regaining its price, and credit is returning to its true cost. This signals the close of the era of standardized financing and the emergence of a more demanding, selective approach. In this new landscape, market inefficiencies create opportunities that only active and agile managers are equipped to identify. While ETFs simply replicate indices, active management exploits these anomalies to generate superior value.

Deglobalization, along with political and economic multipolarity, is profoundly and permanently reshaping the dividing lines between developed and emerging markets. While country risk remains a key factor in assessing corporate bond ratings and yields, its impact can sometimes be disproportionate, overshadowing the analysis of a company’s intrinsic quality and distorting an objective evaluation of its financial strength.

IVO Capital Partners is positioning itself as a key player in addressing investors’ expectations and capitalizing fully on these new financing dynamics and microeconomic insights.