All Fixed Income articles – Page 103
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White papers
The 2020 US Presidential Election: Another Close Race?
President Donald Trump’s performance on the US economy gives him a significant advantage over his Democratic rivals heading into the 2020 election. However, Trump has consistently polled poorly with voters on character issues including leadership, temperament and management skills. The potential fallout from the Mueller report and ongoing House ...
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White papersChina’s Great Wall of Worry: Myths vs. Realities
China’s rise as a preeminent economic power makes it impossible for globally minded investors to ignore. With the integration of China’s domestic-listed equities and bonds into major global indices, the potential of investing in the broad economy is increasingly opening to the world. It’s time, then, for investors to familiarize themselves with misconceptions that can distort the view of China’s economy and corporate landscape.
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White papersQ&A with Damien Buchet - June 2019
What is the main objective of Finisterre’s EMD Total Return strategy?
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White papersWe can all get along (part II) How bondholders can engage companies for the benefit of all stakeholders
This is the second part of a two-part paper asserting that the shared interests of bondholders and shareholders provide incentives to jointly engage companies – and generate positive outcomes by doing so. In part one, we disproved the claim that the imperatives of bond and shareholders typically diverge and argued that both financial stakeholders have the legitimacy to engage. In this paper, we explain how bondholders can play their part in promoting the interests of all financial stakeholders.
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White papersResponsible Investment Quarterly Q4 2018
Cloud computing, machine learning and the potential of the, as yet, relatively untapped field of data science have been rapidly rising up the agenda of the investment world. In an industry that is undergoing seismic changes, the capabilities, reach and efficiencies that data science innovation offers have potential to play an important role
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White papersGlobal fixed income: it’s time for investors to stay watchful and nimble
In the space of just 12 months, markets have switched from expecting interest rate rises to expecting interest rate falls. Broadly speaking, this means 2019 should be a good year for fixed income. But investors are treading a fine line and need to differentiate between fixed income strategies.
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White papersThe Future Of Food: Eat Or Be Eaten
The impact of the food value chain to both the global economy and financial markets is huge But food systems face multiple challenges, from climate change to population growth and unsustainable practices There are investable opportunities with solutions to enhance the sustainability and health of our food systems, and ...
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White papersVideo: Reflecting on six years of Multi-Strategy Credit
As the strategy hits a key milestone in June, Fraser Lundie, Head of Hermes Credit, looks back on how Multi-Strategy Credit has fared in challenging markets since inception.
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White papersIndian elections: political continuity is positive but reform is what matters most
Prime Minister Modi led the NDA to a sweeping victory, with a full majority in Parliament and therefore significant political capital. There was some apprehension in the market ahead of the election and a clear majority will certainly soothe nerves.
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White papersFixed Income: The EU—Singing From 28 Hymn Sheets
How can the latest European Parliamentary elections be described? Sonal Desai, our Fixed Income CIO, covers hamstrung monetary policy and suggests the euro area may be more exposed to financial shocks.
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White papersEuropean elections: not a game changer, opportunities from divergences
The results are broadly in line with what opinion polls had indicated, although with a slight “pro-institution” surprise. Key takeaways are, first, a decline in the votes for the two large political groups which are the social-democrats and the Christian-democrats or moderate right; these two parties had, since 1979, commanded a combined majority in the European Parliament, and this is now over.
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White papersAn introduction to securitisation: a diverse opportunity set offering attractive excess return potential
Securitisation can be seen as highly technical, niche and (post-2008) perceived as risky, but its highly diverse range of opportunities can bring significant benefits to a portfolio.
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White papersHigh Yield: Oasis In Search For Yield?
Since early 2016, US HY default rates have experienced a sort of “mini –cycle”, peaking at the end of 2016. Nevertheless, the recent rise and fall movements appear mostly commodity driven: default rates would have remained fairly stable if energy and material sectors were excluded from calculations.
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White papers
Is There Style Drift in Middle Market Lending?
Barings’ Ian Fowler weighs in on the supply/demand dynamics in the direct lending space and explains why looking at the middle market as one cohesive universe can be misleading.
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White papersYour Questions Answered by Hermes Direct Lending
What is direct lending? How did you position your strategy? These are just a couple of the most commonly-asked questions about direct lending by our clients and prospective clients.
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White papers
Is There Style Drift in Middle Market Lending?
Barings’ Ian Fowler weighs in on the supply/demand dynamics in the direct lending space and explains why looking at the middle market as one cohesive universe can be misleading.
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White papersFixed Income: Embracing Tech Disruption
How can data science and new technology tools be applied to bond investing? Sonal Desai, our Fixed Income CIO, sets the stage for greater infusion of data science into the investment process.
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White papersDelta: the beginning of the end, or the end of the beginning?
Are we experiencing the final late-cycle surge in credit markets, or is there more distance left to run? Alternatively, do low policy-rate peaks in heavily indebted economies signal the beginning of Japanification in the US and Europe?
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White papersHigh Yield: Identifying Value Amid Shifting Sentiment
In this Q&A, David Mihalick, Barings’ Head of U.S. High Yield Investments, discusses the volatile swings in investor sentiment that high yield markets experienced over the last two quarters, and where the Barings team is seeing value today.
