All Corporate Bonds articles – Page 11
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White papersFixed Income strategies: Bridging the gap between quantitative and fundamental approaches
Bonds market faced low rates since many years. And they probably won’t rise up soon.
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White papersCore Matter: A Deeper Look into Financial Vulnerabilities
Almost ten years of record low interest rates have raised leverage in the non-financial sector as well as investors’ tolerance for riskier and less liquid instruments. As a result, the average quality of corporate debt has worsened. Credit risk has shifted away from banks to asset managers. Mutual funds’ ...
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White papersFactor Investing In Currency Markets: Does It Make Sense?
The concept of factor investing emerged at the end of the 2000s and has completely changed the landscape of equity investing. Today, institutional investors structure their strategic asset allocation around five risk factors: size, value, low beta, momentum and quality.
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White papersPricing Individual Stock Options Using Both Stock And Market Index Information
When it comes to individual stock option pricing, most applications consider a univariate framework. From a theoretical point of view this is unsatisfactory as we know that the expected return of any asset is closely related to the exposure to the market risk factors.
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White papers
How Opportunistic Is Your Investment Grade Allocation?
Michael Freno, Head of Global Markets, discusses the benefits of ‘multi-asset’ or ‘opportunistic’ credit portfolios and the newly-launched Barings Global Investment Grade Strategies.
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White papersThe Road Back To The 70s: Implications For Investors
History shows that the economy and financial markets are dominated by long-term regimes that at some point come to a break point, where one regime gives way to a new one. This shift may not be easy to detect. Trapped in their comfort zones, with a short-term perspective, few may see it coming.
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White papersGenerali’s Multi-Boutique Platform - Where specialization meets experience
One of the mainstays of the strategy announced by Generali Group is asset management enhancement, with the goal to integrate and strengthen its existing skills with new investment philosophies and cutting-edge strategies, thus making Generali Group a leader in both insurance and asset management.
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White papersManaging fixed income late in the credit cycle: navigating the path forward
While we are clearly in the late stage of the credit cycle, we don’t think a recession is imminent and believe investors should feel comfortable investing in credit markets throughout the rest of 2019.
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White papers
IG Credit: Can the Rally Last?
BBB-rated credits led the first quarter recovery despite early signs of deterioration among fundamentals. With spreads significantly tighter this year, short duration credits may pose an attractive investment option.
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White papersTraditional and Alternative Factors in Investment Grade Corporate Bond Investing
While the concept of factor investing has gained significant traction since the 2000s with the consequence of altering the landscape of equity investing, factor investing in fixed income remains in its infancy.
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White papersInsurers Need High-Tech Solutions in a Low-Liquidity World
Liquidity has become a precious commodity in fixed-income markets since the global financial crisis. Post-crisis regulations have made broker-dealers reluctant to warehouse large risks on their books, which in turn has made it more difficult for insurers and other institutional investors to trade large blocks of bonds quickly and efficiently.
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White papersMarket Perspectives Spring fever
It’s winter still, but the weather has been exceptionally warm; markets too have got spring fever. After a dismal last quarter 2018, global equities have recouped most of their losses. And thanks to a dovish U-turn by the Fed and falling core yields, fixed income assets have done rather well, too, despite the sharp rebound in risk sentiment.
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White papersIn Credit - Life in the slow lane
Government bonds remain supported by evidence of a slowing in the global economy. This was reflected in the decline in Machine Tool Orders in Japan (See chart of the week), which were lower by 29% on an annual basis at the most recent reading. The US market outperformed last week with yields falling by 4bps for 10-year bonds.
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White papersDefault Probability Measure
In a world of integrated global financial markets, accurately predicting company default risk is important not only in traditional fixed income credit analysis but also more broadly across the financial industry.
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White papersDoing the Math on Women’s Empowerment
No one organization is responsible for the advancement of women, and that means every organization is. Women’s empowerment starts with education. It continues with the ability to earn an equitable living, especially in fields where women are underrepresented, and crests with women playing leadership roles at work or owning their own businesses.
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White papersWeightlifting China - how big will it get?
In this paper we look at how investing in China stands currently and a number of possible ways that this might evolve over time.
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White papersAsset Allocation Update - Much ado about equities and credit
Equities and corporate bonds often do well together. Over the past 20 years the “beta coefficient” between credit to equities has been 0.5 in both the US and Europe; that is to say, for every 1% rise (or fall) in equity prices, credit markets have tended to return (or weaken) 0.5%.
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White papersMarket Perspectives - Patience is a virtue
Sunny spots are rare this winter. Economic data in in Europe and China have continued to underwhelm. Key euro area indicators including PMIs, Ifo and Sentix are at multi-year lows, following a sharp contraction in industrial production in Q4. China reported a slump in trade and the slowest annual growth in three decades.
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White papersAn Underappreciated Subset Of High Yield
As we enter what may be the twilight hours of an elongated credit cycle, an increase in defaults is not only possible, but probable. Against this backdrop, a credit-intensive, global approach to high yield investing is key.
