Developed market bonds are back. Where are the best opportunities?

All Insights

Currently reading

Developed market bonds are back. Where are the best opportunities?

Investment Insights • Macro

3 min read

Developed market bonds are back. Where are the best opportunities?

For the first time in years, developed market bonds are offering investors genuine choice. A world of higher yields has created attractive income opportunities, but not every bond market carries the same risks or rewards. Here, we examine where the most compelling opportunities might lie and why careful selection and active management may be more important than ever.

Investment Solutions

Investment Solutions

There has been little reason for investors to get excited about developed market bonds for much of the past decade. With interest rates close to zero, yields were low, income was scarce and fixed income did not serve much purpose beyond portfolio diversification.

That picture has changed dramatically. Higher policy rates, persistent inflation concerns and growing questions about the sustainability of government borrowing have pushed bond yields to levels not seen for many years. For investors, this creates something that has been largely absent in this area since the global financial crisis – genuine opportunities.

But today’s bond market is complex and beset with risks. While higher yields have improved the return potential across fixed income, not all markets offer the same balance of income, capital appreciation and acceptable risk. A country’s fiscal policy, political landscape, government debt and its central bank's decisions are increasingly shaping returns and investors need to weigh their decisions carefully.

However, used selectively, developed market fixed income can once again become an active source of returns.

Bonds are attracting investors again 
The renewed interest in fixed income is already evident. During the second quarter of 2026, fixed income funds attracted stronger inflows than equity funds1 while inflation-linked bonds have also attracted renewed interest after several years of being out in the cold.

Investors can now lock in yields that have been unavailable throughout the low-rate era, creating the potential for higher long-term returns.

Bonds are also becoming increasingly attractive relative to cash. Although cash rates appear rewarding now, these rates may be temporary – whereas longer dated bonds allow investors to secure today’s rates for years ahead, potentially providing a more reliable source of future income.

Not all sovereign bonds are created equal 
Although yields have risen across developed markets, investors should be cautious about seeing all government bonds as attractive.

Some sovereign markets remain vulnerable to growing fiscal pressures and political uncertainty. The UK and France, for example, continue to face questions around their fiscal sustainability as government debt continues to rise and economic growth remains stubbornly subdued.

These challenges are clear in the performance of UK gilts. During 2026, gilt returns have been broadly flat to negative despite offering significantly higher yields. Investors have demanded greater compensation for lending to the UK government as concerns over the public finances, weak economic activity and geopolitical tensions have intensified.

Political uncertainty has added further pressure. Leadership changes and questions about the credibility of future fiscal policy have pushed longer dated gilt yields to levels not seen for around a quarter of a century. Gilt yields have spiked as markets question the sustainability of UK fiscal policy. With weak economic activity and the Middle East war, the Bank of England could be forced to tighten later in the year due to inflation.

The lesson is an important one. Higher yields tend to come with elevated risk as investors demand more compensation for an increase in uncertainty. It is the movements on bond markets that keep governments on a fiscally responsible track. In our opinion, UK Gilts and other fiscally stretched sovereigns should currently be treated as trading rather than core holdings.

The US offers a different opportunity 
The US Treasury market presents a different picture. While America also faces sizeable fiscal deficits and rising government debt, Treasury yields continue to offer a better starting point for long-term investors than for many years. However, expectations around the next moves by the Federal Reserve on interest rates have shifted over the year as inflation, growth and geopolitical developments have evolved.

Recent market moves have produced a flatter yield curve – put simply, the difference between short-term and long-term borrowing costs has narrowed because investors increasingly expect interest rates to remain higher for longer.

Although the US still faces significant fiscal challenges – efforts to stabilise its debt trajectory are unlikely to materialise with the ongoing Middle East conflict and now mid-term elections approaching. However, its Treasury market remains the world’s deepest and most liquid. For many investors, it continues to provide an important core allocation within fixed income portfolios.

Credit markets may offer more compelling value 
Beyond government bonds, corporate credit continues to present attractive opportunities.

European investment grade companies continue to have strong balance sheets and robust fundamentals, despite the uncertain economic backdrop. Credit spreads remain attractive enough to potentially reward investors without their being required to take excessive risk.

The key is to be selective. Rather than simply chasing the highest available yields, investors should focus on businesses with resilient cash flows, manageable debt levels and the ability to withstand slower economic growth. Currently, we generally prefer investment grade credit debt, as we don’t yet believe the high yield opportunities are giving enough compensation for the levels of risk.

For example, the Bloomberg US Corporate Index yields around 5.5%, while the ICE BofA US High Yield Index offers about 7.2% – a relatively modest pick up given the higher default risk.

Looking beyond yields 
Today’s bond market is increasingly being driven by individual country fundamentals rather than purely by the decisions of central banks.

Investors should pay close attention to factors such as government debt levels, fiscal discipline, economic growth and a country’s long-term capacity to service its obligations. Countries with stronger public finances, lower debt burdens and sizeable net foreign assets generally elicit greater confidence as to the sustainability of their borrowing.

Currency exposure also deserves careful consideration. For investors who are buying overseas bonds, exchange rate movements can either enhance or erode returns, so managing currency is an increasingly important part of fixed income investing.

Why active management matters 
It may require careful active management to unlock the strongest opportunities across developed market bonds. Investors today can actively position portfolios across different countries, sectors, maturities and credit qualities to capture income while managing risk. 

Duration, credit selection, currency exposure and regional allocation all have a far greater influence on returns than they did when yields were lower globally.

Fixed income plays an important role in portfolio resilience. During periods when equity markets have struggled, high-quality bonds have often provided valuable diversification. In the years after the bursting of the dot-com bubble, for example, core fixed income generated strong positive annual returns over the next five years even as equity investors endured a much slower recovery2. 

As investors continue to navigate uncertainty, elevated government borrowing and a shifting geopolitical landscape, developed market bonds may once again offer meaningful opportunities.

Attractive returns are likely to be found through a careful selection of regions, issuers and maturities, supported by active management that can adapt as conditions evolve. In today’s fixed income market, selectivity is no longer optional – it is a valuable tool.

The years of treating bonds as a passive allocation may be over. Today’s market looks set to reward investors who are willing to be active, selective and globally diversified.

Action for investors:

The return of higher yields makes this an ideal time to revisit your fixed income allocation. Consider whether your bond holdings are still appropriate for today's economic environment, paying particular attention to credit quality, duration, regional diversification and currency exposure. 

Rather than treating bonds as a passive portfolio stabiliser, investors could benefit from an actively managed approach that seeks opportunities across global markets while responding to changing inflation expectations, fiscal policy and central bank decisions. 
In a more fragmented bond market, selectivity is becoming just as important as diversification.

Trough interest rates in advanced economies; opportunities in emerging markets

Read more

This document has been produced by EFG Asset Management (UK) Limited for use by the EFG International ("EFG Group" or "EFG") worldwide subsidiaries and affiliates within the EFG Group. EFG Asset Management (UK) Limited is authorised and regulated by the UK Financial Conduct Authority, registered no. 07389736. Registered address: EFG Asset Management (UK) Limited, Park House, 116 Park Street, London W1K 6AP, United Kingdom, telephone +44 (0)20 7491 9111. 

This document has been prepared solely for information purposes. The information contained herein constitutes a marketing communication and should not be construed as financial research or analysis, an offer, a public offer, an investment advice, a recommendation or solicitation to buy, sell or subscribe to financial instruments and/or to the provision of a financial service. It is not intended to be a final representation of the terms and conditions of any investment, security, other financial instrument or other product or service. The content of this document is intended only for persons who understand and are capable of assuming all risks involved. Further, this document is not intended to provide any financial, legal, accounting or tax advice and should not be relied upon in this regard. The information in this document does not take into account the specific investment objectives, financial situation or particular needs of the recipient. You should seek your own professional advice (including tax advice) suitable to your particular circumstances prior to making any investment or if you are in doubt as to the information in this document. 

The information provided in this document is not the result of financial research conducted by EFGAM’s research department. Therefore, it does not constitute investment or independent research as defined in EU regulation (such as “MIFID II” or “MIFIR”) nor under the Swiss “Directive on the Independence of Financial Research” issued by the Swiss Banking Association or any other equivalent local rules.   

The value of investments and the income derived from them can fall as well as rise, and you may not get back the amount originally invested. Past performance is no indicator of future performance. Investment products may be subject to investment risks, involving but not limited to, currency exchange and market risks, fluctuations in value, liquidity risk and, where applicable, possible loss of principal invested. 

Although information in this document has been obtained from sources believed to be reliable, no member of the EFG group represents or warrants its accuracy, and such information may be incomplete or condensed. Any opinions in this document are subject to change without notice. This document may contain personal opinions which do not necessarily reflect the position of any member of the EFG group. To the fullest extent permissible by law, no member of the EFG group shall be responsible for the consequences of any errors or omissions herein, or reliance upon any opinion or statement contained herein, and each member of the EFG group expressly disclaims any liability, including (without limitation) liability for incidental or consequential damages, arising from the same or resulting from any action or inaction on the part of the recipient in reliance on this document. 

EFG and its employees may engage in securities transactions, on a proprietary basis or otherwise and hold long or short positions with regard to the instruments identified herein; such transactions or positions may be inconsistent with the views expressed in this document.   

The availability of this document in any jurisdiction or country may be contrary to local law or regulation and persons who come into possession of this document should inform themselves of and observe any restrictions. This document may not be reproduced, disclosed or distributed (in whole or in part) to any other person without prior written permission from an authorised member of the EFG group.

Financial intermediaries/independent asset managers who may be receiving this document confirm that they will need to make their own independent decisions and in addition shall ensure that, where provided to end clients/investors with the permission from the EFG Group, the content is in line with their own clients’
circumstances with regard to any investment, legal, regulatory, tax or other considerations. No liability is accepted by the EFG Group for any damages, losses or costs (whether direct, indirect or consequential) that may arise from any use of this document by the  financial intermediaries/independent asset managers, their clients or any third parties. 

Comparisons to indexes or benchmarks in this material are being provided for illustrative purposes only and have limitations because indexes and benchmarks have material characteristics that may differ from the particular investment strategies that are being pursued by EFG and securities in which it invests. 

The information and views expressed herein at the time of writing are subject to change at any time without notice and there is no obligation to update or remove outdated information. 

Independent Asset Managers: in case this document is provided to Independent Asset Managers ("IAMs"), it is strictly forbidden to be reproduced, disclosed or distributed (in whole or in part) by IAMs and made available to their clients and/or third parties. By receiving this document IAMs confirm that they will need to make their own decisions/judgements about how to proceed and it is the responsibility of IAMs to ensure that the information provided is in line with their own clients’ circumstances with regard to any investment, legal, regulatory, tax or other consequences. No liability is accepted by EFG for any damages, losses or costs (whether direct, indirect or consequential) that may arise from any use of this document by the IAMs, their clients or any third parties.

If you have received this document from any affiliate or branch referred to below, please note the following:

Bahamas: EFG Bank & Trust (Bahamas) Ltd is licensed by the Securities Commission of The Bahamas pursuant to the Securities Industry Act, 2024 and Securities Industry Regulations, 2012 and is authorized to conduct securities business in and from The Bahamas including dealing in securities, arranging deals in securities, managing securities and advising on securities. EFG Bank & Trust (Bahamas) Ltd is also licensed by the Central Bank of The Bahamas pursuant to the Banks and Trust Companies Regulation Act, 2000 as a Bank and Trust company.

Bahrain: EFG AG Bahrain is a branch of EFG Bank AG as licensed by the Central Bank of Bahrain (CBB) as Investment Business Firm Category 2 and is authorised to carry out the following activities: a) Dealing in financial instruments as agents; b) Arranging deals in financial instruments; c) Managing financial instruments; d) Advising on financial Instruments; e) Operating a Collective Investment Undertaking; and f) Arranging Credit and Advising on Credit. Registered address: EFG AG Bahrain Branch, Manama / Front Sea / Block 346 / Road 4626 / Building 1459 / Office 1401 / P O Box 11321 Manama -- Kingdom of Bahrain.

Cayman Islands: EFG Bank AG, Cayman Branch (‘the Branch”) is a Registered Person under the Cayman Islands Monetary Authority (CIMA) Securities Investment Business Act (as revised) (“the Securities Act”) and its accompanying regulations. The Branch is permitted to provide securities investment services to high net worth and sophisticated persons, as defined in Schedule 4 of the Securities Act, in and from within the Cayman Islands including dealing in securities, arranging dealing in securities, managing securities, and advising on securities. The Branch is also licensed by CIMA pursuant to the Banks and Trust Companies Act (as revised) (“the Banking Act”) as a Category B Bank to provide banking services in accordance with Section 6 (6) of the Banking Act. Registered Office: Suite 3208, 9 Forum Lane, Camana Bay, Grand Cayman KY1-1003, Cayman Islands.

Cyprus: EFG Cyprus Limited is an investment firm established in Cyprus with company No. HE408062, having its registered address at Kennedy 23, Globe House, 6th Floor, 1075, Nicosia, Cyprus. EFG Cyprus Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). 

Dubai: EFG (Middle East) Limited is regulated by the DFSA. This material is intended “for professional clients only”. Registered address: EFG (Middle East) Limited DIFC, Gate Precinct 5, 5th Floor PO Box 507245 - Dubai, UAE.

Greece: EFG Bank (Luxembourg) S.A., Athens Branch is an non-booking establishment of EFG Bank (Luxembourg) S.A. which is authorised to promote EFG Bank (Luxembourg) S.A.’s products and services based on the EU freedom of establishment pursuant to a license granted by the Luxembourg financial supervisory authority “CSSF”. The Athens Branch is regulated by the Bank of Greece. Registered address: 342 KifisiasAve. & Ethnikis AntistaseosStr. - 154 51 N. Psychiko, General Commercial Registry no. 143057760001.

Hong Kong: EFG Bank AG, Hong Kong branch (CE Number: AFV863) ("EFG Hong Kong") is authorized as a licensed bank by the Hong Kong Monetary Authority pursuant to the Banking Ordinance (Cap. 155, Laws of Hong Kong) and is authorized to carry out Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities in Hong Kong. Registered address: EFG Bank AG Hong Kong branch, 18th floor, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong. To the fullest extent permissible by law and the applicable requirements to EFG Hong Kong under the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission, EFG Hong Kong shall not be responsible for the consequences of any errors or omissions herein, or of any information or statement contained herein. EFG Hong Kong expressly disclaims any liability, including (without limitation) liability for incidental or consequential damages, arising from the same or resulting from any action or inaction on the part of the recipient in reliance on this document. 

Israel: EFG Wealth Management (Israel) Ltd. Registered Office: 3 Rothschild Blv., Tel Aviv 6688106, Israel.

Jersey: EFG Private Bank Limited, Jersey Branch having its principal place of business at 5th Floor, 44 Esplanade, Jersey, JE1 3FG is regulated by the Jersey Financial Services Commission (JFSC registration number: RBN32518) and is a branch of EFG Private Bank Limited. EFG Private Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (UK FCA registered no 144036) and Prudential Regulation Authority. EFG Private Bank Limited is registered in England and Wales no 2321802. UK registered office: Park House, 116 Park Street London W1K 6AP, United Kingdom, telephone +44 (0)20 7491 9111. The services of EFG Private Bank Limitied , Jersey Branch are carried out under and in accordance with the rules of the Jersey Financial Services Commission and where appropriate the rules of the Financial Conduct Authority and Prudential Regulation Authority. 

Liechtenstein: EFG Bank von Ernst AG is regulated by the Financial Market Authority Liechtenstein. Registered address: EFG Bank von Ernst AG Egertastrasse 10 - 9490 Vaduz, Liechtenstein.

Luxembourg: EFG Bank (Luxembourg) S.A. is authorised by the Ministry of Finance Luxembourg and supervised by the Commission de Surveillance du Secteur Financier (CSSF). EFG Bank (Luxembourg) S.A. is Member of the Deposit Guarantee Fund Luxembourg (F.G.D.L. - Fonds de Garantie des Dépôts Luxembourg) and Member of the Luxembourg Investor Compensation Scheme (S.I.I.L. - Système d’Indemnisation des Investisseurs Luxembourg). R.C.S. Luxembourg no. B113375. Registered address: EFG Bank (Luxembourg) S.A. - 56, Grand-Rue, L-1660 Luxembourg.

Monaco: EFG Bank (Monaco) SAM is a Monegasque Limited Company with a company registration no. 90 S 02647 (Répertoire du Commerce et de l’Industrie de Monaco). EFG Bank (Monaco) SAM is a bank with financial activities authorised and regulated by the “Autorité de Contrôle Prudentiel et de Résolution” (French Prudential Supervision and Resolution Authority and by the “Commission de Contrôle de Activités Financières” (Monegasque Commission for the Control of Financial Activities).  Registered address: EFG Bank (Monaco) SAM, Villa les Aigles, 15, avenue d’Ostende – BP 37 – 98001 Monaco (Principauté de Monaco), telephone: +377 93 15 11 11. The recipient of this document is perfectly fluent in English and waives the possibility to obtain a French version of this publication.

Panama: EFG Asesores (Panama), S.A. in an entity supervised by the Superintendence of the Securities Market of Panama. License to operate as an Investment Advisor – Resolution No. SMV-316-23. Registered address: EFG Asesores (Panama) S.A., Torre Argos, 2nd Floor, Santa Maria Business District , Panama City.

People’s Republic of China (“PRC”): EFG Bank AG Shanghai Representative Office is approved by China Banking Regulatory Commission and registered with the Shanghai Administration for Industry and Commerce in accordance with the Regulations of the People’s Republic of China for the Administration of Foreign-invested Banks and the related implementing rules. Registration No: 310000500424509. Registered address: Room 65T10, 65 F, Shanghai World Financial Center, No. 100, Century Avenue, Pudong New Area, Shanghai. The business scope of EFG Bank AG Shanghai Representative Office is limited to non-profit making activities only including liaison, market research and consultancy.

Portugal: EFG Bank (Luxembourg) S.A. - Sucursal em Portugal is authorised and supervised by Banco de Portugal (register 280) and the CMVM, the Portuguese securities market commission, (register 393) for the provision of financial advisory and reception and transmission of orders. EFG Bank (Luxembourg) S.A. - Sucursal em Portugal is a non-booking branch of EFG Bank (Luxembourg) S.A., a public limited liability company incorporated under the laws of the Grand Duchy of Luxembourg, authorised and supervised by the CSSF (Commission de Surveillance du Secteur Financier). Lisbon Head Office: Avenida da Liberdade n.° 131 - 6° Dto., 1250 - 140 Lisboa. Porto agency: Avenida da Boavista, n.° 1837 - Escritório 6.2, 4100-133 Porto. Companies Registry Number: 980649439.

Singapore: EFG Bank AG, Singapore branch is licensed by the Monetary Authority of Singapore as a wholesale bank to conduct banking business and additionally carries on the regulated activities of dealing in capital markets products (securities, collective investment schemes, exchange-traded derivatives contracts, spot foreign exchange contracts for the purposes on leverage foreign exchange trading, and over the counter derivatives contracts), fund management, product financing and provision of custodial services as an Exempt Capital Markets Services Entity under the Securities and Futures Act 2021 and of providing financial advisory services as an Exempt Financial Adviser under the Financial Advisers Act 2001 by advising others, either directly or through publications or writings, and whether in electronic, print or other forms, and advising others by issuing or promulgating research analyses or research reports, whether in electronic, print or other form, concerning the following investment products: foreign exchange contracts other than for the purposes of leveraged foreign exchange trading, spot foreign exchange contracts for the purposes of leveraged foreign exchange trading and structured deposits. This advertisement has not been reviewed by the Monetary Authority of Singapore. Registered address: 79 Robinson Way, #18-014, Singapore, 068897. 

Switzerland: EFG Bank AG, Zurich is authorised and regulated by the FINMA. Registered Office: EFG Bank AG, Bleicherweg 8, 8001 Zurich, Switzerland. Registered Swiss Branches: EFG Bank SA, Quai du Seujet 24, 1201 Geneva, Switzerland, and EFG Bank SA, Via Magatti 2, 6900 Lugano. 

United Kingdom: In the United Kingdom this document is issued by EFG Private Bank Limited. EFG Private Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. EFG Private Bank Limited is a member of the London Stock Exchange. Registered company no. 02321802.  Registered address: EFG Private Bank Limited, Park House, 116 Park Street, London W1K 6AP, United Kingdom, telephone +44 (0)20 7491 9111.

USA: EFG Private Wealth Management (Americas) Corp (“EFG Private Wealth”) is a U.S. Securities and Exchange Commission (“SEC”) registered investment adviser. Registration with the SEC as an investment adviser or any state securities authority does not imply any level of skill or training. EFG Private Wealth may only transact business or render personalized investment advice in those states and international jurisdictions where it is registered, has notice filed, or is otherwise excluded or exempted from registration requirements. An investor should consider his or her investment objectives, risks, charges and expenses carefully before investing. For more information on EFG Private Wealth, its business practices, background, conflict of interests, fees charged for services and other relevant information, please visit the SEC's public investor information site at: https://www.investor.gov.  Also, you may visit: https://adviserinfo.sec.gov/firm/summary/158905.  In both of these sites you may obtain copies of EFG Private Wealth’s most recent Form ADV Part 1, Part 2 and Form CRS. EFG Private Wealth's Registered address: 701 Brickell Avenue, Suite 1310 – Miami, FL 33131. Telephone +1 (305) 480-8000.

EFG Capital International Corp. (“EFG Capital”) is a U.S. Securities and Exchange Commission (“SEC”) registered broker-dealer and member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Securities products and brokerage services are provided by EFG Capital. None of the SEC, FINRA or SIPC, have endorsed this document or the services and products provided by EFG Capital and its U.S. based affiliates. Registered address: 701 Brickell Avenue, Ninth Floor & Suite 1350 – Miami, FL 33131. 

EFG Capital and EFG Private Wealth are affiliated by common ownership under EFGI and maintain mutually associated personnel. The products and services described herein have not been authorized by any regulator or supervisory authority, and further are not subject to supervision by any regulatory authority outside of the United States. Please note the content herein was produced and created by EFG Bank AG/EFG Asset Management (UK) Limited (as applicable). This material is not to be construed as created or otherwise originated from EFG Capital or EFG Private Wealth. Neither EFG Private Wealth nor EFG Capital represent themselves as the underlying manager or investment adviser of this Fund/ product or strategy. 

Information for investors in Australia: 
For Professional, Institutional and Wholesale Investors Only.

This document has been prepared and issued by EFG Asset Management (UK) Limited, a private limited company with registered number 7389736 and with its registered office address at Park House, Park Street, London W1K 6AP (telephone number +44 (0)20 7491 9111). EFG Asset Management (UK) Limited is regulated and authorized by the Financial Conduct Authority No. 536771.

EFG Asset Management (UK) Limited is exempt from the requirement to hold an Australian financial services licence in respect of the financial services it provides to wholesale clients in Australia and is authorised and regulated by the Financial Conduct Authority of the United Kingdom (FCA Registration No. 536771) under the laws of the United Kingdom which differ from Australian laws.

This document is personal and intended solely for the use of the person to whom it is given or sent and may not be reproduced, in whole or in part, to any other person.

ASIC Class Order CO 03/1099

EFG Asset Management (UK) Limited notifies you that it is relying on the Australian Securities & Investments Commission (ASIC) Class Order CO 03/1099 (Class Order) exemption (as extended in operation by ASIC Corporations (Repeal and Transitional Instrument 2016/396) for UK Financial Conduct Authority (FCA) regulated firms which exempts it from the requirement to hold an Australian financial services licence (AFSL) under the Corporations Act 2001 (Cth) (Corporations Act) in respect of the financial services we provide to you. 

UK Regulatory Requirements 
The financial services that we provide to you are regulated by the FCA under the laws and regulatory requirements of the United Kingdom which are different to Australia. Consequently any offer or other documentation that you receive from us in the course of us providing financial services to you will be prepared in accordance with those laws and regulatory requirements. The UK regulatory requirements refer to legislation, rules enacted pursuant to the legislation and any other relevant policies or documents issued by the FCA. 

Your Status as a Wholesale Client 
In order that we may provide financial services to you, and for us to comply with the Class Order, you must be a 'wholesale client' within the meaning given by section 761G of the Corporations Act. Accordingly, 
by accepting any documentation from us prior to the commencement of or in the course of us providing financial services to you, you:

  • warrant to us that you are a ‘wholesale client’;
  • agree to provide such information or evidence that we may request from time to time to confirm your status as a wholesale client;
  • agree that we may cease providing financial services to you if you are no longer a wholesale client or do not provide us with information or evidence satisfactory to us to confirm your status as a wholesale client; 
  • and agree to notify us in writing within 5 business days if you cease to be a 'wholesale client' for the purposes of the financial services that we provide to you.


Information for investors in New Zealand:

EFG Asset Management (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) of the United Kingdom (FCA Registration No. 536771) under the laws of the United Kingdom which differ from New Zealand laws. In New Zealand, providing this document does not constitute the provision of financial services under New Zealand law and as such does not require EFG Asset Management (UK) Limited to make any New Zealand registrations or obtain any licence.

This document is intended solely for the use of the person to whom it is given or sent and may not be reproduced, in whole or in part, to any other person.
The financial services that EFG provides are regulated by the FCA under the laws and regulatory requirements of the United Kingdom which are different to New Zealand. Consequently, any offer or other documentation that you receive from EFG in the course of us providing financial services to you will be prepared in accordance with those laws and regulatory requirements. The UK regulatory requirements refer to legislation, rules enacted pursuant to the legislation and any other relevant policies or documents issued by the FCA.

Accordingly, by accepting any documentation from us prior to the commencement of or in the course of us providing financial services to you, you:

  • warrant to us that you are a ‘wholesale client’;
  • agree to provide such information or evidence that we may request from time to time to confirm your status as a wholesale client;
  • agree that we may cease providing financial services to you if you are no longer a wholesale client or do not provide us with information or evidence satisfactory to us to confirm your status as a wholesale client;
  • agree to notify us in writing within 5 business days if you cease to be a wholesale client' for the purposes of the financial services that we provide to you.

 
New Zealand only:

The information in this document is of a general nature and is intended for a wholesale investor audience. Nothing in this document should not be construed as personal advice or relied upon in lieu of appropriate professional advice. This document does not constitute "financial advice" as defined under the Financial Markets Conduct Act 2013 and EFG Asset Management (UK) Limited does not hold a financial advice provider licence.

© EFG. All rights reserved

Required

Required

Required

Required

Required

Required

Required

Please note you can manage your subscriptions by visiting the Preferences link in the emails you receive from us.

Required