Register for our webinar, The Power of Paris: a new opportunity in fixed income, this Wednesday with ISS ESG
Biden's Senate sweep and vaccines give boost to inflation markets
Last week saw 10y US breakevens, a measure of expected US inflation, climb above 2% - the highest in over two years. Meanwhile, Bloomberg reports consensus forecasts data due on Wednesday will show consumer prices increased 1.3% in 2020, well below the Fed's 2% target.
With Biden's agenda of further fiscal expansion back in play, Treasury yields expected to rise, and a vaccine-led V-shaped recovery appearing more likely, inflation may be on its way back up.
Source: Tabula and Bloomberg, 8 January 2021
The Tabula US Enhanced Inflation UCITS ETFcombines exposure to realised and expected inflation providing meaningful inflation protection with real yield.
On 6 January 2021, TTRX celebrated its one-year anniversary. With €132m in AuM and a 12-month trailing return of 1.9%, the liquidity-focused fund successfully passed the Covid-19 stress test of March 2020, trading at a significantly smaller discount than broad EUR IG ETFs.
Why Tabula TTRX?
Re-engineered European IG bond exposure: tracks a bond index designed to closely match iTraxx Europe, the acknowledged benchmark for European credit
No sector biases: weights issuers equally and applies fixed sector limits, as per iTraxx Europe, avoiding significant overweights to e.g. financials
Controlled duration: holds bonds from a tight range of maturities to give consistent average duration of around 5y
Tabula Talks | The Power of Paris: a new opportunity in fixed income
Join Tabula and Dr Maximilian Horster (Head of Climate Solutions at ISS ESG) for a 30-minute webinar on climate data, the Paris agreement and its practical implications for fixed income investors.
Speakers
Dr Maximilian Horster, Head of Climate Solutions, ISS ESG
Katie Nurton, Senior Consultant, Tabula
MJ Lytle, CEO, Tabula
Discussion topics
Cutting through the complexities of climate data
Understanding EU climate benchmarks
From measuring to acting: turning the Paris goals into investable solutions
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