All Corporate Bonds articles – Page 9
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White papersMind the rebalancing gap
The 12 months ending 31 March 2021 saw the largest positive divergence in returns between global equities and bonds in nearly 50 years.
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White papersDiversify your allocation to corporate bonds with multi-factor investing
Over the past decade, multi-factor investing in corporate bonds has seen significant development. Easier access to better datasets along with an extensive body of research has enabled managers to move the dial significantly.
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White papersIncreasing Yield with US Corporate Bonds
For 2021, with interest rates very low and spreads tight, investors are wondering where to turn in order to generate returns in the liquid fixed income universe. We will show that US credit investments offer attractive returns even after currency hedging. Due to a steep US yield curve, the expected return is higher than the current yield.
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White papersThe role global corporate bonds play for Irish defined benefit schemes
As Irish DB pension schemes continue to de-risk, an allocation to investment grade credit could offer compelling opportunities within a well-diversified portfolio.
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White papersDiversification through factor-based investing in corporate bonds
Allocations to factor-based strategies in corporate bonds have grown, with an expanding body of research demonstrating its advantages.
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White papersHow to tackle the positive growth outlook as a bond investor?
Bond investors face a tougher environment: (expected) growth is pushing interest rates up from record lows, foreshadowing the eventual end of the ‘lower-for-longer’ era.
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White papersAn expected improvement in corporate fundamentals bodes well for bondholders
We expect business fundamentals to improve in the coming months, especially for low-rated companies. The ratings momentum in HY, as measured by downgrade/upgrade volumes, has already turned positive.
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White papersCredit spreads vs bond yields in the current cycle
The move in rates is just one factor of the macro backdrop that can drive spread trends, but one that worked quite well in past cycles and therefore worth focusing on in the current recovery phase.
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White papersBank bonds and the uncertainty principle: why financial analysts must look outside the box
Bank bond analysts could once ply their craft among the two well-defined research fields of macro-economics and financial accounts. But, as Fiorino discovers, understanding financial institution fixed income securities now requires analysis that stretches across traditional boundaries of knowledge.
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White papersBiden’s First 100 Days: The roadmap ahead for capital markets
With the Georgia run-off elections giving the Democrats narrow control of Congress and President Biden’s inauguration behind us, investors can finally set their sights on the policies of the new administration. Broadly, markets have responded favorably across most risk assets as the uncertainty surrounding the election has finally passed.
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White papersOpportunity for Non-US Investment in Taxable US Municipal Bonds
With record-low interest rates dominating the investment landscape in Asia and Europe, non-US investors are expanding their search for yield to an unexpected place: US municipal bonds.
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White papersWeekly Credit Insight: Chart of the week: fallen angels fly high
The topic of fallen angels – issuers downgraded from investment-grade status – attracted much attention last year. Of course, this is not surprising: the number of companies downgraded from investment grade to high yield reached an all-time high in 2020.
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White papersECB QE Monitor - January 2021
In December, the ECB bought €57.2bn under the PEPP and €21.1bn under the APP.
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White papersPrivate credit markets – adjusting, adapting and responding
Lately, there has been renewed interest to get deals done and enter into negotiations on new investments as private credit markets re-open following a period of relative stability and reduced volatility in publicly-traded markets.
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White papersGlobal IG: Don’t Underestimate Changed Behaviours
We came into 2020 on the back of one of the longest expansion phases ever, with increasingly loose monetary policy extending the growth cycle. Because of that growth and low interest rates, companies had been gearing up and corporate leverage was actually relatively high going into the pandemic.
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White papersAwash in Liquidity: Stress-Testing Corporate Balance Sheets
The next stage of the recovery may put increased stress on some sectors and many firms…
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White papersGIS Euro Corporate Short Term Bond | Q&A with the Fund manager
Year to date the strategy is outperforming the Barclays Capital Euro Corporate 1-3 Year Index by +2.66%* proving its ability to navigate rough waters while maintaining alpha-generating ideas
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White papersFactor Investing and ESG in the Corporate Bond Market Before and During the COVID-19 Crisis
The objective of this paper is to illustrate the factor investing space in corporate bonds before and during the COVID-19 crisis and is the natural extension of our prior analysis on both the new alternative credit factors and the ESG integration in credit.
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White papersCorporate Hybrids Come of Age
We believe the nearly €200 billion corporate hybrid market just got its first true test—and passed with flying colors.
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White papersMarket Perspectives: Covid paralysis recedes as political risk rises
Even after the large risk rally in summer and despite the persistent spreading of Covid-19, equities advanced fast in August (MSCI World up by another 6.6%), helped by recovering data, better-than-expected earnings and vaccine hopes.
