All Credit articles – Page 15
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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.
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White papers
Private credit markets - opportunities opening up across the spectrum
With countries around the world rolling out their vaccine programmes and with growing optimism about the outlook for the global economy, has a potential return to normality been reflected in private and illiquid credit?
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White papers
Views from the credit desk: Bullish and Bearish Cases
2021 has seen a wide dispersion in asset price returns, driven by a more inflationary environment. Commodities, stocks and high-yield are up, but investment-grade and government bonds are down.
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White papers
CLOs: What’s Driving the Opportunity Today?
Co-Heads of Structured Credit, Melissa Ricco and Taryn Leonard provide insight into last year’s ‘rollercoaster ride’ in CLOs, and explain why both fundamental and technical factors appear to be aligning to create a strong backdrop for the asset class moving forward.
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White papers
SDG Engagement High Yield Credit Annual 2020 Report
Seeking twin objectives of strong financial performance and positive social and environmental impacts that contribute to achieving the 17 Sustainable Development Goals (SDGs), we launched SDG Engagement High Yield Credit in October 2019.
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White papers
Strategies for Navigating an Unrecognisable Bond Market
As the saying goes, there’s no rest for the weary, and many bond investors understand that feeling right now.
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White papers
Three Strategies for Navigating Turbulent Bond Markets
Today’s market environment taps into bond investors’ primal fears. Extremely low yields make it tough to find sufficient income and potential return. Economic growth is rebounding from its 2020 collapse, but the world’s grip on recovery is uncertain.
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White papers
European credit outlook 2021: a world of uncertainty
European credit markets appear to have stabilised, as investors increasingly price in a perfect economic recovery alongside continuing monetary and fiscal support.
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White papers
Q2 2021 Investment View - Some like it hot
On the ground it does not feel like it just yet, as Europe battles with a third wave of infections, but markets are fast proceeding to the Covid crisis exit door. Too fast? We do not think so and see room for further rotation.
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White papers
Spotlight on credit: Reflation - The end of inflation’s “great moderation”?
Credit markets may face challenges if reflationary policies stimulate a concerted return for inflation.
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White papers
Private credit markets – optimism grows, but caution is warranted
Activity levels in many private credit markets have unsurprisingly picked up over recent quarters as public markets bounced back, adding to the robust and growing pipeline of opportunities we are seeing across the breadth of the asset universe.
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White papers
Net Zero through investments: A pilot for intermediary target setting
Decarbonization of credit portfolios could play a major part in helping investors to support the goals of the Paris Agreement on climate change.
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White papers
Diversification 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 papers
Rates Markets Are Normalizing
It is far too early for taper talk, in our view, but the bias of risk is still toward higher rates to come.
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White papers
European insurers: the case for going global in the credit allocation
In the hunt for yield, some years ago European investors started to allocate part of their credit exposure to dollar assets. However, many then put a stop to this diversification due to high hedging costs. In the context of the Covid-19 outbreak, the Fed cut rates to post-Lehman lows. Consequently, euro and dollar interest rates converged significantly, reducing hedging costs and making a case for broadening the investment universe from a European to a global base more attractive.
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Asset Manager News
Non-IG News: Earnings Trends in Non-IG Credit
During the early stages of the pandemic, most market participants and company managements were very concerned about the impact from mandated shutdowns and shelter-in-place orders on company revenues and bottom-line results.
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White papers
How private credit enhances returns while lowering risk
Private credit has until now been the preserve of large institutions, but that’s changing. We find out why.
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White papers
CIO EMEA Outlook 2021: Knowns And Unknowns After A Tumultuous Year
At the beginning of the year we were threatened with excitement, be that trade wars or ongoing political upheaval in the Europe and the US. None of us were prepared for a global pandemic.
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White papers
China Credits: Default Outlook From an Onshore Perspective
Changing government policy could impact default levels in 2021.