Fund manager interview series

Take longer-term view for core investments

Mr James Blair, investment director, fixed income, at Capital Group advises investors to diversify their fixed income holdings - not just high income, but also hold high-grade bonds that will cushion their overall portfolios if equities suffer a sust
Mr James Blair, investment director, fixed income, at Capital Group advises investors to diversify their fixed income holdings - not just high income, but also hold high-grade bonds that will cushion their overall portfolios if equities suffer a sustained downdraft. And diversity means not just having an Asian-region focus but being globally focused.ST PHOTO: GIN TAY

Mr James Blair, investment director, fixed income, at Capital Group discusses his outlook on a multi-asset income approach and emerging markets in the latest of our series featuring fund managers

With 26 years of industry experience, Mr James Blair joined Capital Group in January this year and is based here. Capital Group manages more than US$1.8 trillion (S$2.5 trillion) in long-term assets for investors around the world. The firm manages over US$320 billion in its fixed income strategies globally.

The top five emerging market exposures are in bonds issued by the governments of Mexico, Turkey, Brazil, Indonesia and Russia. In terms of industry and issuer exposures within the firm's US high-yield holdings, the larger holdings are focused within mining and oil & gas pipelines/services, communications and healthcare.

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A version of this article appeared in the print edition of The Sunday Times on December 16, 2018, with the headline 'Take longer-term view for core investments'. Print Edition | Subscribe