How We Invest
Our Active 360° Fixed Income Approach
We believe our active fixed income approach is key to navigating today's challenging bond market and adding long-term value. Our fixed income investment process combines collective expertise, long-term discipline and risk management to capitalize on changing market dynamics.
The fixed income investment team works closely with the equity and quantitative teams, sharing information and debating ideas. We assess the opportunity set as it changes and position our funds’ holdings, for the long-term, which benefit from durable credit fundamentals and attractive valuations. We take on risk intentionally when we believe we are being compensated appropriately and reduce it when we don’t.
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The Big Mac
- Institutions & Consultants
- Insights
- Fixed Income
The Big Mac
A periodic global fixed income note that discusses relevant topics across bond markets and the global macro environment
The Big Mac | READ12 July 2024The Big Mac1 on Fixed Income Allocation
In this edition of The Big Mac, we discuss the role of fixed income in a positively correlated world.
The Big Mac | READ10 January 2024The Big Mac on Fixed Income Allocation: FIFOMO
In this edition of the Big Mac, we discuss how the Fixed Income Fear Of Missing Out (FIFOMO) is going to be the new fear that fixed income investors will soon be facing.
The Big Mac | READ12 October 2023The Big Mac on Cash Allocation: Time to Retire the CD Player*
With the federal funds rate at or near peak levels, we believe that cash is likely to start underperforming credit in the period ahead. We favor deploying some credit risk as an attractive alternative to a cash allocation.
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Macro Talking Points
Macro Talking Points
Weekly global fixed income analysis through a macroeconomic lens
Macro Talking Points | READ27 August 2024Macro Talking Points - Week of 26 August 2024
Global fixed income market analysis through a macroeconomic lens.
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Fixed Income Insights
Fixed Income Insights
Fixed income market and asset class analysis, positioning, and other perspectives from across MFS
Macro Talking Points | READ27 August 2024Macro Talking Points - Week of 26 August 2024
Global fixed income market analysis through a macroeconomic lens.
READ19 August 2024Macro Talking Points – Week of 19 August 2024
Global fixed income market analysis through a macroeconomic lens.
Fixed Income Insight | Watch30 July 2024MFS® Active Fixed Income: Pursuing Consistent Through-Cycle Alpha | Transcript
MFS Co-CIO of Fixed Income, Alexander Mackey, shares attributes of our active fixed income capabilities and our assessment of the opportunities and risks for global fixed income investors.Fixed Income Insight | Watch26 July 2024MFS® Emerging Markets Debt Strategy - Quarterly Portfolio Update | Transcript
Katrina Uzun, Institutional Portfolio Manager, shares the team's thoughts on emerging markets and provides a quarterly update on the Emerging Markets Debt Strategy.Fixed Income Insight | READ25 July 2024The Stars May Be Aligning for EUR Credit
With yields having corrected much higher over the past couple of years, global fixed income is once again a relevant asset class. In this paper we highlight the attractiveness of European IG Credit.
The Big Mac | READ12 July 2024The Big Mac1 on Fixed Income Allocation
In this edition of The Big Mac, we discuss the role of fixed income in a positively correlated world.
Fixed Income Insight | READ13 June 2024The Impact of Higher for Longer on High Yield
While the valuation landscape for high yield has become more challenging, we believe there are still plenty of attractive opportunities that can be identified through a thorough security selection process.
Fixed Income Insight | READ15 May 2024Fixed Income Under the Spotlight: Exploring Tail Risks: What-If Scenarios in the Year of the Dragon
Co-CIO of Fixed Income Pilar Gomez-Bravo, shares her thoughts on three key tail risks and how they could impact the global fixed income markets and our portfolio positioning.
Fixed Income Insight | READ13 May 2024Should Emerging Market Debt Investors Worry About Higher-For-Longer?
Explores the implications that higher interest rates may have for sovereign emerging market debt (EMD) investors.
Fixed Income Insight | READ24 April 2024MFS EMD Team Views on the Situation in the Middle East
Provides commentary on the current geopolitical environment in the Middle East and how the Team is positioning its portfolios.
Fixed Income Insight | Watch9 April 2024MFS Meridian® Funds – Global Opportunistic Bond Fund: Fund Strategy Snapshot | Transcript
Pilar Gómez-Bravo, CFA Co‐CIO of Fixed Income, outlines the philosophy of the MFS Meridian® Funds – Global Opportunistic Bond Fund and explains why investors should be considering the fund and why now is the right time.Market Insight | READ28 March 2024GLP-1s Weigh on the Market
We provide a high-level overview of recent developments in the weight loss drug category and explore how they may impact other industries. These highly effective drugs were born out of research to treat diabetes but have additional benefits.
Fixed Income Insight | READ14 March 2024European High Yield: High Yield, High Expectations
Outlines why we believe European High Yield is an asset class that deserves to be on investors’ radar given its attractive valuation characteristics, fundamental strength, favorable technicals and long-term performance record.
Fixed Income Insight | READ8 February 2024Fixed Income Under the Spotlight: Three Key Themes for 2024
Co-CIO of Fixed Income Pilar Gomez-Bravo, addresses many of the pressing issues facing today’s bond investors including the fight between growth and inflation, building portfolios for an uncertain world and fragility.
Fixed Income Insight | READ10 November 2023Fixed Income Investing in US Recessions
We examine how, during economic downturns, fixed income has offered diversification benefits and reduced the volatility of portfolios that include risk assets such as equities.
The Big Mac | READ12 October 2023The Big Mac on Cash Allocation: Time to Retire the CD Player*
With the federal funds rate at or near peak levels, we believe that cash is likely to start underperforming credit in the period ahead. We favor deploying some credit risk as an attractive alternative to a cash allocation.
Fixed Income Insight | Watch10 May 2023MFS Global Aggregate Opportunistic Strategy - The Active Advantage | Transcript
Find out why an active approach to fixed income may help investors navigate through uncertain environments, and how investors may benefit from allocating to a skilled active manager.General Insight | READ6 April 2023MFS Fixed Income History
Provides insight on MFS's deep history and expertise fixed income as well as its risk managed approach and Global Research Platform.
General Insight | READ13 March 2023The Potential Benefits for European Investors of a Strategic Allocation to Emerging Market Debt
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Related Strategies
MFS® Fixed Income Strategies
In today's markets, the ability to navigate changing dynamics is, in our view, critical to pursuing clients' objectives. We have a broad lineup of actively managed fixed income strategies designed to meet the unique needs of institutional investors. Below are highlights of our fixed income capabilities.
Core/Aggregate
Global
Strategy Strategy Fact Sheet(s) MFS® Global Aggregate Core USD MFS® Global Aggregate Core Plus USD
MFS® Global Aggregate Opportunistic USD Hedged USD, GBP Corporate
Strategy Strategy Fact Sheet(s) MFS® Global Credit USD MFS® Global Investment Grade Credit USD MFS® Global High Yield USD Emerging Markets
Strategy Strategy Fact Sheet(s) MFS® Emerging Markets Debt Diversified USD MFS® Emerging Markets Local Currency Debt USD MFS® Emerging Markets Corporate Debt USD MFS® Emerging Markets Debt Opportunities USD MFS has a wide range of global fixed income capabilities designed to meet the institutional investor's unique objectives. In addition to the related strategies listed on this page, MFS also offers a variety of Government/Municipal strategies.
- Institutions & Consultants
- Insights
- Fixed Income
The Big Mac
A periodic global fixed income note that discusses relevant topics across bond markets and the global macro environment
The Big Mac1 on Fixed Income Allocation
In this edition of The Big Mac, we discuss the role of fixed income in a positively correlated world.
The Big Mac on Fixed Income Allocation: FIFOMO
In this edition of the Big Mac, we discuss how the Fixed Income Fear Of Missing Out (FIFOMO) is going to be the new fear that fixed income investors will soon be facing.
The Big Mac on Cash Allocation: Time to Retire the CD Player*
With the federal funds rate at or near peak levels, we believe that cash is likely to start underperforming credit in the period ahead. We favor deploying some credit risk as an attractive alternative to a cash allocation.
Macro Talking Points
Weekly global fixed income analysis through a macroeconomic lens
Macro Talking Points - Week of 26 August 2024
Global fixed income market analysis through a macroeconomic lens.
Fixed Income Insights
Fixed income market and asset class analysis, positioning, and other perspectives from across MFS
Macro Talking Points - Week of 26 August 2024
Global fixed income market analysis through a macroeconomic lens.
Macro Talking Points – Week of 19 August 2024
Global fixed income market analysis through a macroeconomic lens.
MFS® Active Fixed Income: Pursuing Consistent Through-Cycle Alpha | Transcript
MFS® Emerging Markets Debt Strategy - Quarterly Portfolio Update | Transcript
The Stars May Be Aligning for EUR Credit
With yields having corrected much higher over the past couple of years, global fixed income is once again a relevant asset class. In this paper we highlight the attractiveness of European IG Credit.
The Big Mac1 on Fixed Income Allocation
In this edition of The Big Mac, we discuss the role of fixed income in a positively correlated world.
The Impact of Higher for Longer on High Yield
While the valuation landscape for high yield has become more challenging, we believe there are still plenty of attractive opportunities that can be identified through a thorough security selection process.
Fixed Income Under the Spotlight: Exploring Tail Risks: What-If Scenarios in the Year of the Dragon
Co-CIO of Fixed Income Pilar Gomez-Bravo, shares her thoughts on three key tail risks and how they could impact the global fixed income markets and our portfolio positioning.
Should Emerging Market Debt Investors Worry About Higher-For-Longer?
Explores the implications that higher interest rates may have for sovereign emerging market debt (EMD) investors.
MFS EMD Team Views on the Situation in the Middle East
Provides commentary on the current geopolitical environment in the Middle East and how the Team is positioning its portfolios.
MFS Meridian® Funds – Global Opportunistic Bond Fund: Fund Strategy Snapshot | Transcript
GLP-1s Weigh on the Market
We provide a high-level overview of recent developments in the weight loss drug category and explore how they may impact other industries. These highly effective drugs were born out of research to treat diabetes but have additional benefits.
European High Yield: High Yield, High Expectations
Outlines why we believe European High Yield is an asset class that deserves to be on investors’ radar given its attractive valuation characteristics, fundamental strength, favorable technicals and long-term performance record.
Fixed Income Under the Spotlight: Three Key Themes for 2024
Co-CIO of Fixed Income Pilar Gomez-Bravo, addresses many of the pressing issues facing today’s bond investors including the fight between growth and inflation, building portfolios for an uncertain world and fragility.
Fixed Income Investing in US Recessions
We examine how, during economic downturns, fixed income has offered diversification benefits and reduced the volatility of portfolios that include risk assets such as equities.
The Big Mac on Cash Allocation: Time to Retire the CD Player*
With the federal funds rate at or near peak levels, we believe that cash is likely to start underperforming credit in the period ahead. We favor deploying some credit risk as an attractive alternative to a cash allocation.
MFS Global Aggregate Opportunistic Strategy - The Active Advantage | Transcript
MFS Fixed Income History
Provides insight on MFS's deep history and expertise fixed income as well as its risk managed approach and Global Research Platform.
The Potential Benefits for European Investors of a Strategic Allocation to Emerging Market Debt
MFS® Fixed Income Strategies
In today's markets, the ability to navigate changing dynamics is, in our view, critical to pursuing clients' objectives. We have a broad lineup of actively managed fixed income strategies designed to meet the unique needs of institutional investors. Below are highlights of our fixed income capabilities.
Core/Aggregate
Global
Strategy | Strategy Fact Sheet(s) |
---|---|
MFS® Global Aggregate Core | USD |
MFS® Global Aggregate Core Plus | USD |
MFS® Global Aggregate Opportunistic USD Hedged | USD, GBP |
Corporate
Strategy | Strategy Fact Sheet(s) |
---|---|
MFS® Global Credit | USD |
MFS® Global Investment Grade Credit | USD |
MFS® Global High Yield | USD |
Emerging Markets
Strategy | Strategy Fact Sheet(s) |
---|---|
MFS® Emerging Markets Debt Diversified | USD |
MFS® Emerging Markets Local Currency Debt | USD |
MFS® Emerging Markets Corporate Debt | USD |
MFS® Emerging Markets Debt Opportunities | USD |
MFS has a wide range of global fixed income capabilities designed to meet the institutional investor's unique objectives. In addition to the related strategies listed on this page, MFS also offers a variety of Government/Municipal strategies.