The case for dynamic duration management in credit portfolios

In this episode, Amelie Chowna, Head of Fixed Income Strategic Initiatives and Alex Mack, Head of Inflation and Rates explore the role of duration in fixed income portfolios and ask if it a consistently reliable hedge for credit risk – or can it increase risk?

They also discuss why they believe it is important to manage duration dynamically in unconstrained bond portfolios across varying market conditions.

All data from L&G and/or Bloomberg as at 31 December 2025.

It should be noted that diversification is no guarantee against a loss in a
declining market.