Fixed Income – Page 33
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White papersFloating to safety with senior AAA European asset-backed securities
Rising inflation and interest rates are eroding the value of cash and putting pressure on government and corporate bond yields. We believe investors can help towards protecting their portfolios by reallocating some of their cash holdings to potentially higher-yielding, defensive floating rate securities. Senior AAA European asset-backed securities (ABS) offer a sizeable yield premium for those willing to hold these positions for 6-12 months or longer.
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White papersUkrainian crisis: European banks are resilient
The Russian invasion of Ukraine should not have a material, direct adverse effect on European banks. Only a few European banks have substantive exposures to the Russia/Ukraine/Belarus space, and those exposures do not impact banks’ capacity to service their AT1 capital securities.
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White papersSenior Secured Loans: Why Now?
With further rate hikes on the horizon and volatility testing financial markets, loans are gaining traction for their potential to offer protection against both credit and interest rate risk.
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White papersBank Loans: Turning the Fed’s Lemons Into Lemonade
Bank loans are among a handful of debt investments that could thrive in an environment where interest rates are poised to move higher.
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White papersA more fragmented Emerging Markets world amid the Russia-Ukraine crisis
Although it is still difficult to anticipate how macro fundamentals will be impacted through this crisis, because of the uncertainty of its evolution and final outcome, our perspective is that the crisis is negatively affecting the growth outlook and raising inflationary pressures.
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White papersPrivate credit markets – staying the course
As volatility and uncertainty buffet publicly-traded markets amid headwinds, how can long-term investors safeguard their returns? Major central banks appear out-to raise rates this year, yet floating-rate private credit could offer attractive protection in a period of higher inflation, in our view. Private lenders also proved their mettle to a range of borrowers through the global pandemic, staying the course even as liquid markets briefly dried up.
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White papersSustainability-linked bonds: like Marmite for markets?
Sustainability-linked bonds (SLBs) have grown rapidly since 2019 but the market’s preferred method for punishing companies that miss sustainability targets is flawed, argues Mitch Reznick, Federated Hermes Head of Sustainable Fixed Income.
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White papersHow to Get the Most From Private Placement Debt
Private Placements can offer fixed income investments with enhanced diversification, risk-adjusted yield and downside mitigation, and as demand grows, we believe investors could benefit from an independent route into the market that is better aligned with their needs.
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White papersQ&A: impact of the Russia-Ukraine conflict on emerging market debt
Russia’s military aggression against Ukraine, which has become Europe’s largest ground war in generations, has impacted millions of people and triggered a large-scale humanitarian crisis as vulnerable Ukrainians take shelter or flee their homes. The intensification and spread of the conflict is deeply troubling and is having a devastating impact on those people caught in the crisis.
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White papersLatin America: Navigating Shifting Political Winds
Latin America is navigating shifting political winds, as the pandemic has magnified the chronic income inequality gaps in the region.
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White papersWar, Inflation, and Markets
Investors appear to be refocusing on pre-war concerns about economic fundamentals—but finding that this horrific conflict has exacerbated them.
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White papersSecuritisation – A source of short-term investment diversification
After years of abundant liquidity and low interest rates, investors are becoming more and more attuned to a pending regime change. Monetary policy is being recalibrated to contain inflation, raising volatility in bond markets. With inflation set to be higher for longer fixed coupon bonds are vulnerable.
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White papersMulti-strategy investing for a new era
Interview with Mauro Ratto, Fund Manager and Chief Investment Officer at Plenisfer Investments – part of the Generali Investments platform, an ecosystem of asset management firms.
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White papersFed Ready to Tighten the Screws on Inflation
The Federal Reserve raised its benchmark interest rate by 25 basis points this week. The central bank also signaled that it’s likely to keep raising rates at every meeting well into the second half of the year, and made it clear that it will start paring its balance sheet soon.
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White papersAs Rates Rise, Financials Can Shine
Mutual Series’ analysts see value opportunities in the financials sector as the interest-rate environment turns more favorable in the United States and European banks see greater clarity about the impact of the Russia-Ukraine war.
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White papersA Time to Tighten
The military and economic responses to Russia’s war in Ukraine continue to garner attention, as ongoing disruptions in oil and agriculture flows will add to inflation pressures in much of the world.
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White papersThe Fed to Markets: We Got This
The Federal Reserve’s announcement at the end of its FOMC meeting on March 16, 2022 surprised on the hawkish side, with the updated projections for the Fed funds rate signaling that it is “all in” on the fight against inflation.
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White papersFixed Income Amid Inflation
What does the current inflationary environment mean for multi-sector fixed income portfolios?
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White papersSFDR Unpacked: What to Look for in Article 8 and 9 Portfolios
European investors are struggling to understand new rules designed to confirm the environmental, social and governance (ESG) credentials of portfolios. Since regulatory guidelines are vague, asset managers must provide a clear framework to show how their products fit sustainable investing classifications.
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White papersChina’s policy pivot favours Asia credit
Faced with slowing economic growth, we believe Beijing has shifted its focus away from tackling the country’s medium-term structural problems. The priority now, in our view, is supporting the economy, including the debt-ridden property sector where construction activity and property sales slumped after the imposition of stricter controls.
