Eaton Vance Management (International)

2019 Top 400 ranking: 51

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Eaton Vance

High yield fundamentals positive, but market susceptible to shifts in sentiment

The pickup in market volatility in the first two months of 2018 as fears about inflation, valuation levels and diminishing central bank largesse took their toll on investor sentiment has led some investment professionals to warn that the stage is now set for a protracted correction in credit risk premia.

At Eaton Vance, we believe this view to be too pessimistic. Clearly, we are moving towards the end of the credit cycle, but – in the case of global high-yield bonds – we see a number of factors which are supportive of the near-term prospects for the asset class.

Read the complete white paper at the link beneath Related Files

Head Office
125 Old Broad Street
United Kingdom
David Morley Tel. + 44 20 3207 1978
Company website:
Parent Company:
Eaton Vance Corp.
Year Founded:
No. of investment offices worldwide:

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What’s new

  • Monthly Market Monitor - April 2019

    Monthly Market Monitor - April 2019

    White papersWed, 17 Apr 2019

    Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in providing connectivity between changing market events and implications for investor portfolios. Use Eaton Vance Monthly Market Monitor as a critical desk reference that enables more informed discussion and understanding of financial ...

  • EM strikes back

    White papersThu, 4 Apr 2019

    Emerging-markets (EM) debt started the year with a bang, as a dovish U.S. Federal Reserve, attractive starting valuations and improving EM fundamentals delivered for the asset class. All three indexes were strongly positive for the first quarter

  • Michael A. Cirami, CFA

    Uncertainty surrounds Kazakhstan's leadership change

    White papersFri, 29 Mar 2019

    The decision by the long-term leader of Kazakhstan, Nursultan Nazarbayev, to step down last week marks the start of a new era for the country. Unfortunately, his decision offers little clarity regarding a successor government, but the initial indications are not encouraging.

  • Argentina is keeping reform promise (for a change)

    Argentina is keeping reform promise (for a change)

    White papersTue, 19 Mar 2019

    Investors might be hard-pressed to find a bright spot in Argentina today. Growth in 2019 has yet to rebound from its collapse last year, inflation hit 51.3% year over year in February and the peso has not recovered from its 2018 plunge versus the U.S. dollar.

  • Egypt's privatization moves may boost economy

    White papersTue, 5 Mar 2019

    Egypt began its new initiative last week to privatize state-owned enterprises, with the partial privatization of the already-listed Eastern Tobacco. Privatization has been under discussion by authorities for the past couple of years, and in early 2018 the government announced its intent to raise $4.5 billion by selling stakes in 23 state companies. 

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