Given all the fear and disruption in the pandemic, and our investments in several cyclical sectors before and after March 2020, we are gratified – if cautiously so – with our credit selection process. Read on in our BBH Limited Duration Fund and BBH Income Fund updates.
It is hard to believe that only one year ago markets were in freefall, with panicked investors sending in record-sized redemption requests. Today, sentiment is unabashedly positive, with red-hot demand for credit. Rather than joining the crowd and chasing the momentum of strong credit returns, we prefer to wait patiently. Read on in our BBH Intermediate Municipal Bond Fund update.
We have been positively surprised by the resilience of the U.S. economy and the pace at which gross domestic product (GDP) and earnings have begun to recover from last year’s pandemic-driven recession. Read on in our BBH Select Series – Large Cap Fund update.