Fixed Income – Page 49
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White papersWill Washington Deliver a Holiday Miracle?
U.S. initial claims increased amid rising COVID cases, adding more fuel to the stimulus negotiations fire growing in Congress. China activity data for November should improve, and the Bank of England is expected to remain dovish given the pandemic and Brexit.
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White papersPortfolio allocation in times of uncertainty
The temptation to react to every headline, every market move is often irresistible. Never more so than in an environment that screams uncertainty. But experience shows that successful investors have learned to stick to their strategies, regardless of bright, shiny objects that threaten to distract.
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White papersFacts and Fantasies about the Green Bond Premium
The green bond market has increased exponentially since the first issuance in 2007. Nevertheless, we continue to observe a large imbalance between supply and demand because of the huge appetite from institutional ESG investors. The purpose of this study is then to determine if green bonds present lower yields than conventional bonds in the secondary market. This yield difference is known as the green bond premium or greenium.
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White papersSeeking income – the case for investing in private corporate debt
Pension funds with current cashflow requirements depend on a steady stream of payouts, but face a number of unique challenges in their search for income against a backdrop of lower-for-longer yields and volatile investment conditions brought on by the COVID-19 pandemic.
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White papersGenerating Interest
Must investors settle for sub-zero real returns on their cash allocations?
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White papersAwash in Liquidity: Stress-Testing Corporate Balance Sheets
The next stage of the recovery may put increased stress on some sectors and many firms…
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White papersCautiously optimistic on US high yield
After a volatile year, Mark Durbiano CFA®, Senior Vice President and Senior Portfolio Manager from the Federated Hermes Inc. office in Pittsburgh, remains hopeful for a better 2021.
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White papersGIS Euro Corporate Short Term Bond | Q&A with the Fund manager
Year to date the strategy is outperforming the Barclays Capital Euro Corporate 1-3 Year Index by +2.66%* proving its ability to navigate rough waters while maintaining alpha-generating ideas
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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 papersEmerging Market Debt: A Wider Range Of Opportunities, And Challenges, In 2021
Reasons to consider emerging-market debt from Nicholas Hardingham.
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White papers#TheZero
With financial repression here to stay for what could be a prolonged period, there is a need to solve the problem of #TheZero.
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White papersSustainability in credit: Why ESG scores don’t tell the whole story
ESG ratings are a helpful baseline to assess companies, but views on their ESG risks and opportunities can be honed – and sometimes corrected – through deeper research, trend analysis and meetings with company executives.
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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 papersDirectly Engaging To Understand Water Risk - (Chapter 3 of 6)
We’ll now focus on risk and use fixed income investing as our lens. Firms with water intensive business operations and those operating in areas of water stress—where water withdrawals are high relative to supply—face the risk of having to pay higher water prices or losing access to water supply.
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White papersCLOs: A Bias Toward Quality
CLOs continued their rebound in the third quarter, but the potential for volatility going forward is high. In this environment, there may be benefits to moving up in quality.
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White papersESG in Action: Protecting the Amazon by Investing in Brazilian Beef
Blazing wildfires and a shift in Brazilian government policies away from environmental stewardship have thrust deforestation into the international spotlight. AB equity and credit portfolios’ large positions in Brazilian beef producers provide an opportunity to promote sustainable practices that can help protect tropical forests while mitigating environmental and investment risks.
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White papersHigh Yield: Halfway There?
The shock was the story in the first quarter, the stimulus was the story in the second—but we’re decidedly not yet in the post-COVID era, and the path to economic recovery remains unclear. What does that mean for high yield?
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White papersChina Property: Recovery From the COVID-19 Lockdown
After initial shocks, China’s property markets have regained strength. Strong home price growth and overheated land prices could attract policy intervention as regulators seek to instill a stable housing market, economy and financial system.
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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 papersGreen bonds alone won’t get us to Paris: we need firm-level action
A new paper by the Bank of International Settlements (BIS) argues that if we are to accelerate the decarbonisation of the economy, the focus needs to move from behaviour at the green-project level to that of individual companies.
