Fixed Income – Page 4
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White papersRegulatory Reboot Could Transform Taiwanese Insurers’ Portfolios
Big changes are in store for Taiwan’s insurance regulation—and allocations may feel the impact.
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White papersUnlocking Opportunity in the Leveraged Loan Market
Advances in fixed income trading and technology have opened up the opportunity for investors to harness leveraged loan exposure through indexing.
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White papersFrom Income to Outcomes: The Evolution and Future of Fixed Income
Changes in market structure, technology, data, and investor behaviour are transforming the asset class—and helping investors achieve their objectives. These changes have profound implications for institutions and the asset managers who serve them. We believe the future belongs to the managers with the skill, scale, and experience to convert data into insight, complexity into clarity, and fixed income allocations into engineered outcomes.
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White papersBeyond mixed signals - A focus on Income
Although earnings growth may be slowing, corporate balance sheets remain in good shape, with generally low levels of debt. Over the past several years, these healthy fundamentals have translated into higher average levels of quality and fewer defaults within the investment-grade corporate, high-yield and securitised credit sectors.
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White papersFrance’s fiscal reckoning: navigating opportunity amid political chaos
France, long regarded as an economic pillar of Europe, has found itself embroiled in political and financial turmoil in recent years. Multiple attempts to push for much-needed fiscal reforms has thrown the country’s leadership into disarray and intensified scrutiny of its mounting debt crisis. With elevated government bond yields and deteriorating credit ratings, investors and policymakers alike are grappling with the implications. How can bond investors navigate this volatility?
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White papersEurozone Sovereigns: Selective Immunity from the Post-Pandemic Fiscal Strain
As eurozone sovereigns’ spreads compress and risk rankings shift, understand how and why investment strategies are evolving across Europe in 2025.
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White papersThe Rise of the Core-Satellite Approach in Fixed Income Portfolio Construction
While indexed strategies continue to take the starring role in many fixed income portfolios, the remaining risk budget isn’t sitting idle. Learn why the Core-Satellite approach to asset allocation is gaining popularity among institutional investors.
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White papersMyth and Legends: European Broadly syndicated Loans
Broadly Syndicated Loans have grown over two decades, offering inflation protection through floating rates and diversification across sectors. Active management and due diligence are key to mitigating risks. Despite myths, European loans show resilience, strong returns, and market depth, with M&G’s long-standing fund exemplifying their potential.
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White papersPivot to Europe: (re)positioning along the new Fixed Income routes
Year to date, European fixed income has delivered broadly positive performance, albeit with pronounced dispersion by sector, curve, rating and country. Active asset allocation and security selection have benefited from divergences across European fixed income markets.
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White papersJapan’s Fiscal Reset: Responsible Expansion in a New Political Era
As policy priorities evolve, Japan’s focus on “responsible fiscal expansion” could reshape bond dynamics.
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White papersInsuring the future: The case for diversified private credit
Insurers have long relied on the pick-up in corporate spreads over sovereigns as a core investment strategy, but today’s investment landscape is prompting a strategic rethink for European insurers. As traditional public fixed income loses its edge, private credit is emerging as a powerful alternative. This fast-growing asset class offers insurers a way to tackle key portfolio challenges, boost diversification, and potentially enhance returns. In this paper, we explore how European insurers can harness private credit to help strengthen investment outcomes and build portfolio resilience.
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White papersBeyond the comfort zone: emerging markets in the private credit 2.0 era
Throughout its history, private credit has thrived on structural change. But as developed markets mature, the case for diversification is growing stronger. Felipe Berliner, Co-Founder and Head of Structuring, sets out why emerging markets could be the next frontier for the private credit asset class.
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White papersGlobal Investment Views - November 2025
Global equities reached all-time highs in October, led by strong momentum in the AI sector in the US, expectations of Fed easing, and positive sentiment around fiscal expansion in Germany. However, a resurgence of the US-China trade spat, concerns over some credit events in the US, and continuing US government shutdown created volatility in risk assets. While the US and China have extended their truce, we’d like to see how effectively this is sustained in the long term.
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White papersUS debt and dollar dominance
The US has long defied conventional economic wisdom by sustaining persistent fiscal and trade deficits without triggering a dramatic sell-off in government bonds or a collapse in its currency.
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White papersA diversified offence in private credit as the best defence
Amid elevated uncertainty, investors are increasingly being drawn to private credit as a resilient asset class that can deliver attractive risk-adjusted returns, diversification, and income stability.
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White papersHigh Yield: Strategies for a Shifting Market
High yield continues to be a credible source of income and diversification in today’s environment—but broad market beta is unlikely to deliver outsized returns, making security selection and disciplined positioning paramount.
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White papersAre (private credit) cracks widening?
Market Snapshot is a weekly view from our portfolio managers, offering sharp, thematic insights into the trends shaping markets right now.
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White papersThe income conundrum (and a potential solution)
The Federal Reserve (Fed) has resumed its rate-cutting posture after a lengthy pause. While we expect the easing cycle’s impact on the economy to be beneficial, lowering rates comes at a cost: many savers who depend on income-oriented financial instruments will have challenges meeting their living expenses.
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White papersEurope’s industrial backbone is eroding
Europe’s post-war prosperity was built on steel, chemicals, and autos. But that industrial backbone is now under strain. China’s state-backed industrial strategy has created overcapacity in sectors Europe once led. Coupled with the United States pivot to protectionism the global trading order is changing.
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White papersClass of ’25: 5 things I asked about you
Ever wondered what drives the people behind the portfolios? In this feature we pull back the professional curtain to reveal the personalities and philosophies of investors and leaders at M&G Investments. Pull up a chair and get some popcorn as we meet the minds behind the money!
