All Credit articles – Page 27
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White papersReplay Webinar | Investing in credit 26 11 2020
Credit is set to play a significantly bigger role in the future of returns. Central banks’ support will continue to provide stability to the sector but companies’ fundamental are deteriorating and defaults are rising, how to set the scene in the current covid - disrupted credit environment? During this insightful debate, our boutiques’ experts analysed the credit space under various angles:
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White papersHigh Demand, Tight Supply: Private Debt Post-Coronavirus
We think private debt fared well relative to publicly traded credit during the coronavirus volatility, but will really differentiate itself in the years following the crisis.
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White papers“European defaults likely to stay low” and what it means for High Yield and crossover markets.
Correlations between defaults and macroeconomic variables suggest European defaults may rise, however, monetary and fiscal support are set to contain the impact. In this scenario, we deem the rating migration risk now more serious for Investment Grade and BBB in particular, hence – within the crossover space – we think investment opportunities can be found in fallen Angels
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White papersNon-IG News: Record High Yield New Issuance in a Pandemic?
Despite the COVID-19 pandemic and a significant contraction in global GDP, the U.S. High Yield Market saw record levels of new issuance in the second and third quarter, which was a surprising development to most investors.
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White papersMissing Pieces: A Better Approach to Sovereign ESG Analysis
ESG integration has built considerable momentum in recent years, but the case for incorporating ESG in sovereign-credit analysis isn’t always clearly articulated. In developing a more rigorous ESG model, we’ve created a framework that enhances traditional sovereign-credit analysis and provides fresh insights into the drivers of long-run economic performance.
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White papersThe road less travelled: 360°, Q4 2020
What is our current view of fixed-income markets? And where do we see the best relative value? In our latest edition of 360°, Andrew ‘Jacko’ Jackson, Head of Fixed Income, and his team of specialist investors considers the areas that have the potential to deliver superior risk-adjusted returns.
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White papersMarket Perspectives A (temporary) Covid ‘leg down’
The rise in new Covid-19 cases and renewed lockdowns across Europe are casting long shadows over the economic recovery and markets.
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White papersThe Priority Pyramid
Tuesday’s election matters—but it is the top of a pyramid whose base is, in our view, supportive of fixed income and credit whatever the outcome.
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White papersCredit investors: delivering into the imperatives of Paris
In this video Anna Karim, Investment Director Fixed Income, and Mitch Reznick, Head of Research and Sustainable Fixed Income, discuss how to decarbonise portfolios within fixed income and the imperative of aligning investment strategies with the Paris Agreement.
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White papersIG Credit: Upgrading the Roster
In a landscape rife with risk, there may be benefits to upgrading both credit quality and liquidity.
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White papersOpportunities today in middle market lending
Institutional investors are struggling to deliver yield, drive growth and meet liabilities amid low rates and economic malaise. Private credit can be an effective alternative source of income, while providing true diversification. This paper considers a range of investment factors as we determine how to incorporate these opportunities into an existing asset allocation strategy.
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White papersThe Evolving Opportunity in Distressed Debt
As the pandemic recedes, some companies may have a harder time managing higher debt levels than others—and as weaker issuers undergo restructurings or other stressed situations, there may be opportunities for investors to deploy more capital into distressed debt strategies.
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White papersSpotlight on private credit markets
In periods of market disruption, private market activity tends to get adversely impacted, the degree to which depends on the severity and length of time the public market disruption lasts. Private market deals tend to take a number of weeks or months to structure, and it is the ability to structure a deal to offer a premium to public markets that becomes more difficult due to fast- changing markets.
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White papersCoronavirus throws down a challenge for credit analysis
The dramatic impact of COVID-19 has created a challenge for even the most experienced credit analysts. The effects have gone far beyond those seen in the technology bubble of the early 2000s, the Enron scandal a year later, the 2008/2009 financial crisis, and in what now seems like a small blip the commodity crash of 2015/2016.
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White papersCredit investing in the coronavirus era: 360°, Q3 2020 - July 2020
What is our current view of fixed-income markets? And where do we see the best relative value? In our latest edition of 360°, Andrew ‘Jacko’ Jackson, Head of Fixed Income, and his team of specialist investors considers the areas that have the potential to deliver superior risk-adjusted returns.
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White papersExploiting credit opportunities through a long/short approach
Simon Thorp, CIO at Aperture Investors UK, Ltd, part of the Generali Investments multi-boutique platform. Simon, with over 30 years of experience in fixed income markets, was previously CIO at KKR Credit.
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White papersThriving Amid Volatility: Perspectives on Asian Credit
While the majority of global markets have experienced volatility, the Asian fixed income market continues to remain resilient. What are the key factors that allow the region to thrive? As the leader in global supply-chain manufacturing, what does the future hold for the region?
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White papersESG: The Intent Beyond the Income
ESG is playing an increasingly meaningful role in fixed income investing. At Barings, we formally integrate ESG across our corporate credit asset classes—but the way we apply our analysis is necessarily different due to the nuances of each market.
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White papersCovid-19 - Institutional Fixed Income market update briefing
Credit markets have continued to perform well, enjoying underlying official support and as investors continue to look to add risk. In this short summary, we highlight activity within the main fixed income markets, including leveraged loans and asset-backed securities in recent weeks.
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White papersA risk-based approach to harnessing alternative sources of income
The income-generating potential of alternatives seems to be largely underappreciated, despite the trend toward larger allocations to alternative asset classes and the need for yield. Investors can enhance their ability to capitalize on the yield and diversification benefits of alternatives by focusing on the risks that drive returns in each specific segment of the alternatives universe. Executing this, however, is no simple task. If done incorrectly, investors risk negating some of the diversification benefits that make alternatives such valuable contributors to stronger, more resilient portfolios.
