Fixed Income Overview

Harbour is an active, research-based fixed income asset manager.

The team has local and global experience.

We have been managing New Zealand bond portfolios for over 16 years.

Our fixed income investment team led by Christian Hawkesby, working in tandem with Mark Brown as portfolio manager, combines:

  • 16 years local experience and track record in NZ fixed income funds management, with
  • 13 years global experience in policy making, and fixed income research, analysis and market intelligence.

We believe that there are opportunities to add value through active NZ fixed income portfolio management and sound risk management, applying a well-resourced research focus and in-depth knowledge of local fixed income securities.

In particular, we believe there is a "risk premium" embedded in NZ fixed income securities that provides investors with a return over and above any expected losses for interest rate risk, credit risk, and liquidity risk. Through a disciplined process of drawing together structural and macroeconomic research with market indicators and intelligence, we forecast the drivers of this risk premium and are dedicated to constructing fixed income portfolios that maximise risk-adjusted returns for our clients.