Three perspectives, one market: Current opportunities in fixed income

As markets become more uncertain, the search for resilient, diversified sources of fixed income returns has never been more important.

Please join us for breakfast on Tuesday 3 November 2026 at 08:15 where Allspring, Impax and TwentyFour will share views on what they view as the most compelling opportunities across the fixed income landscape, and how investors can navigate changing market dynamics.

Allspring will explore unconstrained fixed income, exploring how a flexible, opportunistic approach can capture opportunities across global markets.
Impax will challenge concerns around tight high yield spreads, focusing on the strong corporate fundamentals of the asset class and the potential for it to outperform if rates continue to rise.
TwentyFour will highlight the resilience of asset-backed securities (ABS), showcasing the attractive returns on offer, the strong structural protections in place and the expanding opportunity set.

The presentations will be followed by a short panel discussion (moderated by Tom Harrison, Head of Portfolio Management at Saltus) and audience Q&A.

Three perspectives, with one goal – to share timely insights on where our portfolio managers see the greatest opportunities within fixed income.

Asset-Backed Securities: Resilience in an uncertain market

(Aza Teeuwen, Partner and Co-Head of ABS – TwentyFour Asset Management)

As investors navigate a more uncertain market environment, asset-backed securities (ABS) continue to offer compelling opportunities, underpinned by a strong technical demand, an expanding opportunity set and more favourable regulatory support.

Combined with attractive risk-adjusted yields, low historical default rates and strong structural protections, ABS and Collateralised Loan Obligations (CLOs) can provide resilient income, portfolio diversification and a defensive source of returns within fixed income allocations.

Beyond boundaries: The power of unconstrained bond strategies

(Noah Wise, Senior Portfolio Manager and Head of Global Macro Strategy for Global Fixed Income - Allspring Global Investments)

This presentation explores Allspring’s differentiated approach to flexible fixed income investing and why it delivers more. More opportunistic. More diversified. More consistent. This unique approach to global fixed income investing has not only delivered superior risk-adjusted returns but done so consistently over different types of market environments and cycles.

We’ll also show why it’s the ideal time to revisit flexible fixed income strategies. Recent market volatility has exposed the risks of certain types of approaches that were not evident just a few years ago. We’ll also discuss the hidden risks emanating from the unusual and extreme asset concentration in this segment of the fixed income market.

High Yield: Are spreads really the risk?

(Klaus Blaabjerg, Senior Portfolio Manager – Impax Asset Management)

Everyone is worried about historically tight high yield spreads, with some investors cautious to allocate to the asset class. But the fundamentals stand up: the market's quality is high, there's no imminent refinancing wall and companies are not over-leveraged. What if the real risk is in the rate market? And how might high yield prove a resilient allocation in the event core rates continue to rise?

Three perspectives, one market: Current opportunities in fixed income

Allspring Global Investments

Speakers

Aza Teeuwen

Noah Wise

Klaus Blaabjerg