Active Fixed Income at L&G
Investing for the long term
Why L&G for Active Fixed Income?
Heritage
With a heritage in insurance dating back to the 1800s, our foundations are deeply rooted in the analysis and understanding of risk. We believe this is intrinsic to successfully navigating investment opportunities in active fixed income.
Risk aware
We aim to generate consistent returns by taking considered risk in areas where structural, behavioural and unique factors create opportunities.
Distinctive approach
Fixed income, equity and responsible investment experts are closely connected by a global research and engagement platform. This cross-asset class approach enables open debate to uncover risks and opportunities that may be missed by a more traditional single-asset class.
L&G’s Active Fixed Income capabilities
With over 50 years’ experience as a long-term active fixed income manager, we offer expertise across a broad range of strategies – all designed with our clients’ investment goals in mind. The investment capabilities we focus on include:
• Global bond strategies
• Emerging market debt
• US credit
• Euro credit
• Sterling credit
• Global high yield
Learn more about L&G’s Unconstrained Bond Strategies
One of the most common questions we hear from investors is: how much interest rate exposure should I hold throughout different market cycles?
There is no single right answer— we believe different rate environments require different tools.
Our ability to adjust our interest rate exposure, instead of being locked at a fixed level, helps us to capture opportunities, mitigate risks, and maintain resilience in periods of both rising and falling rates.
More about our distinctive approach
Exploiting inefficiencies in fixed income
Constrained investors, behavioural biases and analytical blind spots create opportunities that are generally overlooked by market participants.
Collaborative
Our collaborative, team-based approach yields a breadth of ideas and global views which are refined and implemented in portfolios by asset class specialists.
Risk-aware
Our risk-aware approach aims to deliver consistent outperformance in all market conditions.
Active fixed income at L&G
Our defining features include:
Our scale and size
- L&G Asset Management is a large, active fixed income global manager
- With US$1,617 billion assets under management**, we use our scale and size to benefit our clients
Our heritage and experience in managing fixed income
- Our insurance heritage gives us an edge in risk management
- Over 50 years' experience in managing active fixed income
A well-resourced team
- 198 investment professionals
- 18 years' average experience
- Global coverage
*AUMs are for active strategies, the bulk of which is in active fixed income.
**Source: L&G, personnel data as at 30 June 2026. The number comprises Active Strategies, Fixed Income, CIO Fixed Income, Global Trading, Research and Engagement and Investment Stewardship teams that support global active fixed income.
ˆSource: L&G's Asset Management division internal data as at 30 June 2026. The AUM disclosed is shown on the basis of client direct investments and excludes any double count from fund of fund holdings.
Our interaction with the Global Research Engagement Groups (GREGs)
At the heart of our investment approach is our cross-asset class research platform – the Global Research & Engagement Groups (GREGs). These bring together our equity, fixed income and investment stewardship experts. They focus on identifying opportunities for potential future gains, as well as aim to avoid the risks that threaten the sustainability of future returns, all while engaging with companies for positive change.
Further reading
Active fixed income on the L&G blog
Read a range of short blogs from across the Active Fixed Income team
Fixed income in focus on L&G Talks
Listen to the expert views of our Active Fixed Income Managers
Recommended content for you
Contact us
Whether you’re looking for advice on institutional investing or a general asset management query, our friendly team will be on hand to support you.
Key risks
The value of any investment and any income taken from it is not guaranteed and can go down as well as up, and investors may get back less than the amount originally invested.
Whilst we have incorporated ESG information into investment decision making and stewardship practices, there can be no assurance that any responsible investing goals will be met.