All Credit articles – Page 15
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White papers
Pressures Continue to Build for Fed Hikes
U.S. CPI pushed the 10-year U.S. Treasury yield to 2% for the first time since the onset of COVID, and U.S. rate hike expectations increased, with markets pricing in 50% odds of a 50bps hike in March. Meanwhile, European inflation expectations are also edging higher.
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Podcast
All the Credit - Episode 23
Despite the wildly unique ride that was 2021, which saw a boom in economic growth in most countries, a global inflation surge, and COVID’s constant and pervasive presence, the path of the global economy and financial markets may have been more predictable a year ago than they are today.
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White papers
Outlook 2022 - Bye-bye beta
Despite a fifth coronavirus wave rising as we enter the third year of the pandemic, there are reasons to be optimistic for the economic recovery, explain the Generali Insurance Asset Management Macro Research Team. In fact, a global 60-40 portfolio would have risen nearly 40% since the lows of March 2020.
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Podcast
All the Credit: Episode 22
The 26th annual UN Climate Change Conference (COP26) fell short of our expectations and left ESG-focused investors with more considerations than ever before.
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White papers
Economic whiplash? - Outlook for 2022 from Brandywine Global.
The defining characteristics of the economic outlook for 2022 could be more about the composition of global growth than its trend. As long as the threat persists, a return to normalcy from pandemic trauma still seems off in the future rather than around the corner.
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Research Report
Five portfolio construction themes
In line with our broad cross-asset allocation views, as well as considerations and best ideas within specific asset classes, Nuveen’s Global Investment Committee offers a broad set of portfolio construction themes for our clients to consider as we enter 2022.
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White papers
Credit events in China (I) – The macroeconomic impact
In this first of a two-part report, Chi Lo, Senior Market Strategist APAC, examines the macroeconomic impact of China’s latest credit events. In part II, he assesses whether these same events could trigger a property market crash.
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White papers
IG Credit: Higher Rates on the Horizon
With rate hikes potentially on the horizon, and spreads fairly tight, there may be benefits to a multi credit strategy that looks beyond traditional IG corporate credit—to areas such as EM corporate debt and CLOs.
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White papers
SDG Engagement High Yield Credit commentary: Millicom
Millicom is a telecommunications service provider that delivers mobile, fixed-line broadband and pay-for TV services to businesses and households in nine Latin American countries.
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Research Report
SDG Engagement High Yield Credit: H1 2021 report
Our focus on higher-quality credit in markets with strong engagement potential meant we didn’t benefit from the outsized rally in Covid-ravaged sectors in H1 2021, but the strategy continues to outperform its benchmark since inception
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White papers
Investment View: Off Crutches
The global economy has hit a speed bump, built on the Delta variant and supply chain issues; we expect growth to find a floor in H2, as the fourth Covid wave recedes, and China cautiously eases policy. But supply constraints are proving sticky, and surging commodity prices are a new threat to the consumer outlook. That risk deserves hedging.
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White papers
Exodus Or Urban Reshuffle? Gauging Muni Bond Risks
In February 2021, we published research appraising how COVID-19 lockdowns were impacting California and New York state budgets. We had good news to share.
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Video
Credit Pulse: market update – 17 September 2021
In our latest Credit Pulse, we take a deep-dive into credit fundamentals and findings from our credit strategy meetings.
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White papers
Where next for credit markets?
There are a host of challenging questions for credit investors right now, among them:
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Research Report
Asset Allocation: Think portfolio construction
Using a factors-first lens to find opportunities in today’s alternatives market
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White papers
Private Debt, Capital Solutions and the Early-Cycle/Later-Cycle Paradox
Early-cycle growth prospects should incentivize investment, but later-cycle valuations can give pause: Private debt and capital solutions could resolve the paradox.
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White papers
The Preferred Option
How tailored solutions deploying preferred stock can help private equity-owned companies solve a pressing challenge in their capital structures—and earn very attractive risk-adjusted returns in the process.
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White papers
CLO equity: Where does it fit in investor allocations?
CLO equity has garnered increasing levels of investor interest, primarily due to the potential for high returns driven by a robust yield profile – a relative rarity in today’s low-yield investment landscape.
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White papers
Fiorino: banks versus shadow banks, a heavyweight battle emerges from new financial fields
Money gives weight to power, with the all-pervasive field of banking typically behind this transformation. However, as Fiorino discovers, a previously hidden force in the banking universe is now revealing its massive influence…
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Podcast
The Investment Podcast: Sustainability in private credit – can the two go hand in hand?
While sustainability has been most obviously implemented within public markets, appetite from investors to access private market opportunities has grown.