All Convertibles articles
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White papers
Cocos – a unique flavour combination
Premier Miton’s Lloyd Harris, Head of Fixed Income, highlights how contingent convertibles can offer investors a unique opportunity in today’s higher interest rate environment.
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White papers
M&A wave could enhance convertible bond returns in 2024
Takeover activity was strong in 2023, both among private equity and strategic buyers. The outlook for this year looks just as promising, in our view, reflecting the recent improvements in liquidity and economic conditions. There is a large amount of dry powder to be deployed, and the hope that interest rates are stabilising should build market confidence, although the Federal Reserve has been unwilling to provide reassurances on this.
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White papers
Convertible bonds: cutting emissions and promoting efficiency
Why does the investment approach to reach net-zero emissions matter? At LOIM, we believe that the energy transition can provide growth potential for investors who are also seeking to achieve real and tangible emission reductions. Our approach invests across all sectors but focuses on companies with credible and ambitious decarbonisation targets. We explore how our TargetNetZero strategy identifies such companies in convertible bonds.
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White papers
Convertible bonds: cutting emissions and promoting efficiency
Why does the investment approach to reach net-zero emissions matter? At LOIM, we believe that the energy transition can provide growth potential for investors who are also seeking to achieve real and tangible emission reductions. Our approach invests across all sectors but focuses on companies with credible and ambitious decarbonisation targets. We explore how our TargetNetZero strategy identifies such companies in convertible bonds.
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White papers
Asia is dominating the electric vehicle battery market
Car electrification is an unstoppable structural trend. We are past the inflection point of this revolution, often understood to be when a new technology reaches 5% of total industry sales.
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White papers
How long will convexity disappoint?
These are uncertain times – be it regarding growth, inflation, or the extent of rate hikes. And yet, the level of one of the most common measures for volatility – the famous VIX index – has not budged much since 20 March and the end of the fast-paced banking crisis. This raises two principal questions about volatility and convexity, which we explore in this weekly edition of Simply put.
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White papers
What gives, corporate hybrids?
Recent underperformance is a response to idiosyncratic newsflow and shouldn’t be seen as a reflection on the broader asset class, says Credit Portfolio Manager Mark Dove.
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White papers
The seven pillars of AT1 wisdom
Filippo Maria Alloatti, Head of Financials (Credit), outlines the seven key reasons why it is crucial to restore trust and investor engagement in the additional tier 1 (AT1) market.
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White papers
Market volatility and developments in the banking sector
What are the implications of the ongoing volatility in the banking sector, and what does it mean for markets in Europe and globally? Check out highlights from our most recent discussion with Kim Catechis, Investment Strategist with the Franklin Templeton Institute.
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White papers
Convertible bonds: the weather forecast for 2023
Convertible bonds are an all-weather instrument. The optionality embedded in this asset class helped returns and provided a cushion during the challenges of the past two years.
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White papers
Treasury yields fall as the Fed hikes once more
U.S. Treasury yields fell last week. The November U.S. CPI report showed a smaller-than-expected monthly increase. The U.S. Federal Reserve delivered a 50 bps hike as expected, but also included hawkish economic projections that called into question the future of monetary policy.
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White papers
A plan for volatility: Global convertible securities
Active management and global perspective maximise the potential benefits of the convertible’s unique structural features
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White papers
Asset Allocation Update: Strong earnings prompt US equities upgrade
Amid background noise such as ongoing trade skirmishes involving the US, the evolving Chinese economy and geo-political tensions, we have spent time analysing recent market movements and the implications for risk assets.
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White papers
Daisuke Nomoto: Japan - more tailwinds than headwinds for 2018
With GDP on a sustained growth track, supported by structural reforms and the Bank of Japan’s accommodative monetary policy, we maintain a positive outlook for the region.
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White papers
Reaction: Italian election
The Italian election result looks messy, but we do not believe that the chances of Italy leaving the eurozone have gone up materially.
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White papers
Technology and ‘mega-trends’ to drive US equity performance
US equities have outperformed global equities since the beginning of the recovery because the US economy was initially the sole engine of global growth, as European countries wrestled with the Eurozone crisis.
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White papers
The UK’s demise is overstated
UK equities reached all-time highs in 2017, but relative to world stocks (in US dollar terms) they were laggards.
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White papers
Asset Allocation Monthly: May 2017
We have recently increased our equity rating to favour from neutral on the back of lower political risk and positive earnings developments.
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White papers
The emerging markets cloud receding
As US rhetoric on trade protectionism softens, investors are focusing on emerging markets’ fundamental attractions once more as productivity improvements and fast-growing young populations are driving superior economic growth.
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White papers
How should investors approach US infrastructure?
Improving and expanding US infrastructure involves more than building roads and bridges.