All Fixed Income articles – Page 23
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White papersInvesting in the future: The power of microfinance
Private credit can be a powerful tool in promoting economic growth and fostering prosperity in the world, while providing investors with income potential over a fixed term. Set up in 2005, the European Fund for Southeast Europe (EFSE), seeks to make a positive impact on society by providing finance to underserved geographies. The fund helps support businesses and individuals on revenue generation, improving living conditions, and creating employment.
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White papersRates never sleep
A strong quarter for bonds as a patient, diversified approach is rewarded.
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White papersEconomic nationalism will present a constant challenge for investors
To prepare a presentation on what has changed for long-term investors during the past decade I dug out my notes from 2014. The results were sobering.
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White papersMedia in search of its Jerry Maguire moment… ‘Show me the money!’
Many investors are familiar with the famous Tom Cruise/Cuba Gooding Jr moment from Jerry Maguire. For those who are not, a struggling sports agent loudly professes he will “show me the money” to keep his only client. 2024 is a major Jerry Maguire moment for the streaming Media companies as they heavily focus on reaching breakeven and driving further profitability.
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White papersEM Debt: Time to Load Up?
A number of factors have converged to create a potentially compelling opportunity in EM debt. And with prices at attractive levels relative to history, now may be a good time to consider an allocation to the asset class.
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White papersIG Credit: Idiosyncratic Opportunities in a Favorable Environment
Given the combination of still-elevated yields, solid fundamentals and technicals, and a resilient U.S. economy, IG corporate credit looks well-positioned for the months ahead.
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PodcastThe Blurring Lines Between Public & Private Credit Markets
Barings’ David Mihalick and Martin Horne discuss the blurring lines between public and private credit markets and the implications for asset managers, borrowers and investors.
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White papersHigh Yield: Resilience Amid a Shifting Backdrop
With the favorable fundamental and technical backdrop firmly in place, and attractive income opportunities remaining in both bonds and loans, the case for high yield continues to be compelling.
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White papersA Sector for All Cycles
In this Infrastructure Investor roundtable, Orhan Sarayli discusses what’s driving the growth in appetite for infrastructure debt, how today’s macroeconomic backdrop is creating opportunities, and why the asset class is appealing throughout the cycle.
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PodcastPrivate Debt: The Appeal, The Fears & The Facts
In an ever-evolving financial landscape, Private Debt has emerged as a resilient and adaptable asset class, capturing the interest of investors seeking stability and growth. Despite negative media coverage, what makes this asset class appealing to investors? What are the implications of lower interest rates on Private Debt? And how does it fit into today’s overall investment climate?
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White papersFixed Income Investment Outlook 4Q 2024
With the U.S. Federal Reserve’s recent interest rate cut, we anticipate broad easing by central banks over the next year across the developed world. However, some caution may be warranted on duration, as markets may be overly optimistic about the initial pace of reductions. Meanwhile still sturdy, if softening, economic conditions along with strong investor demand have contributed to narrow corporate credit spreads, reinforcing the value of a quality emphasis and drawing on yield and price opportunities wherever they emerge.
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White papersEuropean high yield: default rate coming down
Our par-weighted default rate forecast for European High Yield (EHY) is 3.8% for the forward 12-month period and 7.2% for the forward 24-month period. Excluding hybrid issuers, the default rate increases to 4.5% over 12 months and 8.5% over 24 months. This compares to a LTM (last 12 months) default rate for Europe, to April 2024, of 4.1%1, and a recent peak through the Covid-19 pandemic of 6.9%.
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White papersA Leveraged Loan Index That Matches Investors’ Reality
Growth in the size of the leveraged loan market has boosted trading volumes and transparency in the asset class and helped to make it a viable option for index-focused investors. We discuss leveraged loan index strategies, tracking error and trading costs.
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White papersNo Autumn chills for Global Investment Grade Corporate fundamentals
Investment grade (IG) indices remain close to recent tights. Similarly, corporate fundamentals are in an extremely strong position. Our credit work looks to identify where there is a mismatch between the fundamental expectations and valuations of issuers, on a name-by-name basis. We also aggregate the single name expectations each quarter to give a view of the market as a whole.
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White papersFixed Income Perspectives Q4 2024
Quarterly macro and market insights from Capital Group’s fixed income team
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White papersEuropean utilities: prepared for the spending storm
Despite huge growth in demand, costs squeezes and supply constraints around raw materials and capacity are limiting expected returns in renewables development
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White papersFour reasons to consider Asian credit
The Asian credit market has grown significantly over the last 20 years. Harriet Habergham explores four features of the asset class which, in our view, provide investors with a wealth of opportunities, including the maturation of the market, the unique feature of strong government support, a supportive environment and hidden gems.
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White papersPositioning EMD ahead of the US election
If Kamala Harris wins November’s vote, the status quo is unlikely to change significantly, but should Donald Trump triumph the implications for foreign policy are likely to be far-reaching.
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White papersThe three things every engager should know
What three lessons have the SDG Engagement High Yield Credit team learned in the half decade since inception?
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White papersAll eyes on inflation
“We believe the Federal Reserve will weigh the inflation numbers in the context of the weakening labour markets. We expect the Fed to continue to ease monetary policy.”
