All Corporate Bonds articles
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White papersAI financing: Bubble, breakthrough or the next fixed income supercycle?
AI represents a major investment cycle with distinctive financial foundations. In this paper, fixed income portfolio manager Sandro Lazzarini and analyst Theo Pan compare current AI financing to previous cycles and ask whether it could represent the next supercycle for bonds.
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VideoGemcast Episode 17: Riding the Waves of Distress Cycles
In episode 17 of Gemcast, Mariya Gancheva, Portfolio Manager and Strategist at Gemcorp Capital, explores special situations investing in emerging markets. Mariya discusses the idiosyncratic stories that allow for greater convexity during cycles of distress, how today’s macro backdrop is creating dislocations across sovereigns and corporates, and why identifying genuine opportunity takes both analysis and local, on-the-ground relationships.
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White papersMeasuring risk in the private credit markets
The direct lending market has experienced significant growth and has become an important part of institutional investors’ portfolios, offering potentially attractive risk-adjusted returns with higher current income than most fixed income alternatives. For middle market direct lenders (“MMDLs”) such as Principal Alternative Credit (“PAC”), the ability to properly analyze the underlying risk profile of a borrower and protect against principal loss is the primary determinant of future returns.
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PodcastReading Between the (Credit) Lines: What it Takes to Succeed in Credit Research
Stephanie Foster, Senior Credit Research Analyst, discusses the importance of a consistent analytical process in credit research, the role of intuition and judgement, and the evolving nature of the finance industy. She emphasizes the need for networking, adaptability, and promoting the industry to younger generations.
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White papersHow fixed income investors can potentially capitalise on Europe’s strategic autonomy
The geopolitical landscape has undergone a significant shift in recent years, with global cooperation and multilateralism giving way to a more fragmented world.
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VideoHigh Yield’s Quality Upgrade
In episode 3, Joe Lynch, Global Head of Non-Investment Grade Credit, looks at what’s behind today’s attractive yields and how the below-investment-grade market has changed over the past 15 years. He discusses why he believes those yields may remain durable and why credit risk continues to be the key risk for investors.
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White papersEM Debt: The Case for a Blended Approach
The EM debt universe is larger, more diverse and higher quality than many investors perceive, offering compelling opportunities today. Given the uncertainties ahead, investors may benefit from taking a blended approach.
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VideoAI Financing Is Reshaping Corporate Credit
In episode 2, David Brown, Global Co-Head of Investment Grade and Multi-Sector, looks at the next phase of AI financing. As borrowing extends beyond the hyperscalers, what could change for corporate credit investors?
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White papersInvestment View for Q4: Liquidity is confidence
‘Investment View’ provides our quarterly macro & market outlook and investment recommendations
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PodcastEurope’s path to strategic autonomy opens new opportunities for bond investors
Europe is entering a pivotal era of strategic autonomy, seeking to build resilience across critical sectors such as defence, energy, communications, and technology in response to a more fragmented geopolitical landscape.
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White papersWebs of AI debt: Unpicking the capital and compute
AI is reshaping credit markets, with debt behind capital expenditure plans moving off balance sheet into opaque structures. Matthias Dettwiler and Greggory Price unravel the thread of interconnections and assess the underlying credit risks.
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White papersThe expanding role of investment grade private credit in institutional portfolios
U.S. investment grade private corporate credit, debt issued directly to a small group of institutional lenders rather than sold on the public bond market, is seeing increased interest from asset allocators. The market predates the below-investment grade direct lending market by decades, driven largely by life insurers as a core fixed income allocation.
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White papersEmerging markets fixed income: Diversification in an uncertain world
Over the past two decades, emerging-market (EM) fixed income has evolved from the volatility of the 1990s and early 2000s into an asset class characterized by strong fundamentals, disciplined policy mixes and effective structural reforms.
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White papersThe expanding role of investment grade private credit in institutional portfolios
U.S. investment grade private corporate credit, debt issued directly to a small group of institutional lenders rather than sold on the public bond market, is seeing increased interest from asset allocators. The market predates the below-investment grade direct lending market by decades, driven largely by life insurers as a core fixed income allocation.
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White papersSystematic fixed income: Bringing diversification benefits to credit portfolios
Systematic credit is still a small part of fixed income, but its portfolio role is growing. For credit allocators, it can offer a disciplined and differentiated source of diversification.
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White papersDispelling the myths of infrastructure debt
Investors have historically turned to infrastructure as a resilient private markets asset class. Many institutional investors focus on the equity side of the capital structure to generate yield with potential upside but often overlook the debt side.
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White papersMusic Royalties Explained: From Niche Market Segment to Institutional Asset Class
Scarce capital and specialized expertise are forging opportunity in an emerging segment of the private credit market.
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White papersWhy an absolute return approach to fixed income could help investors navigate uncertainty
Fixed income investors have faced considerable volatility in markets in 2026, driven by a combination of geopolitical tensions, rising inflation and higher levels of issuance.
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White papersSupporting decarbonisation: Why transition and sustainability-linked bonds can and should co-exist
The sustainable debt landscape continues to evolve with a diverse and growing range of instruments all trying to address slightly different financing challenges and attract investors with different objectives.
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White papersUS high yield: Selective opportunities in a bifurcated economy
The last few months have not been straightforward for fixed income markets. As oil prices surged amid the Middle East conflict and inflation expectations rose, markets repriced the potential path of monetary policy.
