All Credit articles – Page 9
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White papersEuropean Fixed-Income Outlook 2026: Fair Winds as Currents Shift
The backdrop for Europe’s bonds remains favorable—even as technological change creates new challenges.
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White papersWhen credit demand follows supply
Corporate issuers are increasingly traversing the global credit markets to optimize their funding strategy. Investors should adopt the same mindset, argue David Mechlin and Eileen Liu.
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White papersWhy our improved credit outlook explains tight spread levels: 360°, Q4
Our confidence in moderate, credit-friendly growth on a global basis has improved.
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White papersQ4 2025 Emerging Markets Debt Review and Outlook
Emerging markets debt (EMD) delivered strong performance during the fourth quarter (Q4) of 2025, supported by a favorable global macroeconomic backdrop, easing U.S. monetary conditions and renewed investor demand for higher-yielding fixed income assets. Declining global interest rates, U.S. dollar weakness and supportive commodity dynamics were specifically beneficial for EM assets, supporting robust total returns across both hard and local currency spaces.
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White papersLooking Ahead to 2026: Opportunities in Fixed Income
Lloyd Harris, Head of Fixed Income at Premier Miton, shares his outlook for the year ahead and how the team are positioning portfolios.
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White papersMulti-asset credit investing: A quantitative framework
The credit universe has expanded far beyond government bonds and investment-grade corporates. Today’s investors navigate high yield, leveraged loans, securitized assets, emerging markets debt and private credit, requiring a disciplined approach to capture value across complexity. Discover how a quantitative framework integrating capital market assumptions, risk modeling and optimization can help institutional investors construct portfolios tailored to specific objectives, from matching insurance liabilities to meeting pension obligations.
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White papersNetflix and the Credit Implications of an M&A Surge
How could the new wave of high-profile dealmaking affect the investment grade landscape?
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White papersQ1 2026 Private Markets Outlook
In our view, the opportunity set for Private Market strategies remains deep. Within the sub-sector of Private Credit, we continue to hold a ‘Positive’ outlook.Investor appetite for private credit remains strong, thanks to its stability, yield premium, and consistent income, but deployment challenges and rising regulatory scrutiny are shaping the landscape.
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White papers2026 Fixed income outlook: Structural shifts create strategic opportunities
The global fixed income landscape is becoming more differentiated and policy-driven. Fiscal policy is reshaping yield curves, while the narrowing gap between developed and emerging markets demands a fresh approach to credit assessment. Despite tight valuations in traditional credit, the macro environment remains constructive with improving growth, moderating inflation and healthy corporate balance sheets. Discover where we’re finding the most attractive risk-adjusted opportunities across securitized credit, municipals, leveraged finance and beyond.
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White papersESG Thema #22 - Closing the gender gap in credit investing
Persistent gender disparities in economic opportunity and access to finance continue to constrain global growth and resilience – particularly in emerging markets, where institutional barriers remain deeply entrenched. According to the World Bank’s 2024 “Women, Business and the Law” report, eliminating discriminatory laws and practices that hinder women’s participation in the workforce could increase global GDP by over 20%, effectively doubling the global growth rate over the next decade. Reducing gender employment gaps could raise GDP per capita by an average of 35%, with productivity gains from workplace diversity contributing over half that value.
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White papersPrediction Markets Are Upending U.S. Gambling: What It Could Mean for Non-Investment Grade Credit
A 2024 court ruling allowed prediction markets to operate as federally regulated event contract exchanges. With nationwide reach, these products are pressuring state regulated sports books, lotteries and casinos—raising new considerations for non-investment grade issuers and investors.
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PodcastSolving for 2026: Policy Crosscurrents, AI, and Where to Position Now
Amid policy crosscurrents and accelerating AI adoption, investors face a backdrop where productivity tailwinds and easing biases in some regions contrast with tougher conditions elsewhere. So how should investors lean into duration, balance AI enablers versus adopters, and pursue compelling private markets opportunities?
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White papersCommercial real estate debt market update
Commercial real estate (CRE) has long been established as a cornerstone asset within a wide range of investors’ portfolios. From individuals owning a US$250K rental home to institutions owning a US$250M high-rise apartment complex, CRE can offer diversification, consistent cash flows, a hedge on inflation, and a historically low correlation to other risk assets.
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White papersDemands of Real Economy Underpin Asset-Based Lending
In this piece, Jim Moore, Head of Private Placements and Asset-Based Finance, describe what’s driving current market dynamics and shed light on what the future holds for the asset class.
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White papersPrivate credit: The Red Thread – Alternatives, Edition 2025/26
Despite the sensational headlines, the fundamental outlook for the corporate direct lending strategy remains stable. Company earnings have generally been positive, as the borrower universe has shown high single-digit EBITDA growth alongside stable, healthy margins. Furthermore, as we peel back the onion, the credit profile of the underlying borrowers has also remained strong.
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White papersArtificial Intelligence for Behavioral Finance
Artificial Intelligence (AI), particularly Machine Learning (ML) and Deep Learning (DL) techniques, have been extensively used in consumer finance to assess credit risk, develop automated models for loan attribution, and forecast households’ insurance claims and spending. However, their application in analyzing retail investors’ behaviors and designing tools to shape financial advice has emerged more recently.
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White papersPrivate credit’s evolution
The private credit market has experienced remarkable growth, reaching $1.7 trillion in assets under management and 13% annual growth since the 2008 financial crisis. Rather than signalling a bubble, this expansion represents the evolution of a maturing asset class, offering institutional investors compelling opportunities for those who can navigate its increasing complexity.
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White papersHow Banks and Private Markets Are Redefining Credit
The U.S. banking industry is entering a new era in which regulated banks and private lenders are increasingly intertwined. We believe this trend will continue to open attractive opportunities for dynamic allocation across the credit spectrum.
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VideoPrivate Credit on the Rise
As private credit expands into asset-based lending, the big question is: Which market segments will banks fight to keep, and where will they step back? AEW’s latest whitepaper, Searching for Gold, explores the shifting landscape of debt opportunities.
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White papersFixed Income Outlook: Why flexibility will be key for fixed income investors in 2026
Despite no shortage of challenges and obstacles, returns across fixed income asset classes have been largely positive in 2025, with income levels a major contributing factor.
