All Fixed Income articles – Page 34
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White papersVirulent inflation may have peaked – but does further danger lurk?
Markets speak to the fluidity of the environment around them. Over the past year, they’ve delivered verdicts on government economic programmes, central bank monetary policy and the energy sector – but how are the markets perceiving inflation today since it became structural a year ago?
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White papersEMD quarterly review Q1 2023
Bond markets broadly advanced over the quarter, though with some periods of volatility, as investors adjusted interest rate expectations going forward, now suggesting many we may see rate cuts coming before the end of the year. The reopening of the Chinese economy also supported sentiment on the outlook for global economic growth, with Chinese business survey data showing early signs of improvement.
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White papersPM Spotlight: For the Love of the Journey
Manju Boraiah, senior portfolio manager and head of Systematic Edge Fixed Income and custom SMA Investments, has carved a unique path for his career—guided by his two passions, art and math.
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White papersHow could tighter bank lending impact growth?
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we consider how the banking crisis will impact the credit channel to the economy. How could a contraction in bank loans lower US GDP?
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White papersBroadening Access to Private Assets: Regulatory Wrappers Unwrapped
The number of regulatory wrappers is growing as access to private assets broadens. When presented with different options, there are a number of considerations to keep in mind.
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White papersFixed income: performance drivers as peak rates approach
As the US rate-hiking cycle nears its zenith, two positive drivers for fixed-income investment are coming into view: stronger performance prospects for sovereign bonds and the return of the low correlation between duration and credit risk. In the Q2 issue of Alphorum, we assess these dynamics while providing new fundamental and portfolio-construction insights on fallen-angel bonds.
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White papersFixed Income Perspectives April 2023
Markets appeared optimistic amid strong macro indicators until early March, when the collapse of two US regional banks and forced sale of Credit Suisse led to a risk-off sentiment.
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White papersWith High Yield, Shorter May Be Better for Insurers’ Yields…and Capital Efficiency
With yield curves inverted in many parts of the world, investors no longer need to increase interest-rate risk to bolster yields. Instead, they can achieve the same end with shorter-duration high-yield bonds. For insurance investors that have typically shied away from high yield, we think this landscape—and the regulatory treatment—present a compelling opportunity.
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White papersLower service productivity, higher inflation?
If there is one word that our media has been able to relay in recent months, it is inflation. Price growth was the market’s problem in 2021 and it has become the public’s problem in no time. Whereas in previous periods of rising inflation, the arrival of the topic in the mainstream media more or less marked the end of the problem – let’s remember the worrying inflation of the summer of 2008 or the first quarter of 2011– this time, it is quite different.
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White papersA viewpoint on CLO markets: past, present, and future
Himani Trivedi, head of structured credit at Nuveen, shares her thoughts on the current state of the CLO markets, a lookback to 2022, and a view of what the coming year holds for CLOs.
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White papersEM Debt: Opportunities in a Riskier World
Emerging market fundamentals remain strong and continue to provide opportunities despite risks in developed markets that raise cautionary flags.
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White papersWhy, and how, investors should integrate biodiversity into fixed income portfolios
One of the fundamental features of biodiversity is that it reaches into every part of our lives – and that means the impacts of biodiversity loss are felt across investment portfolios too. In our view there isn’t an asset class or sector that would not benefit from a close consideration of how those effects might change outcomes or affect financial returns.
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PodcastRiding the Curve: Isolating Income
The big difference between 2022 and 2023 for bond investors can be summed up in one word: Income. George Bory highlights the opportunities in this week’s episode.
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White papersDe-Risking? Mind the Carbon!
Shifting a portfolio from stocks to bonds reduces investment risk, but it can also increase the portfolio’s carbon footprint. Read about a carbon-aware approach to reduce that impact and benefit the portfolio overall.
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White papersA New ‘Impossible Trilemma’?
Can we lower government debt, sustain positive real rates and finance the transition to a low-carbon economy?
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VideoThe Inside Track – Public and Private Markets Outlook
(8:37) In this video discussion, experts from across our public and private markets teams offer their outlook, reflecting on valuations, where they see opportunities evolving and recent stresses within the banking sector. Chief Investment Officer, Multi Asset Strategies – EMEA, Niall O’Sullivan, Senior Portfolio Manager – Multi Sector Fixed Income, Robert Dishner and Managing Director, Neuberger Berman Private Markets, Doug Manor reflect on conditions within their respective asset classes.
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White papersFixed Income Investment Outlook: 2Q 2023
Aggressive monetary pressure finally saw meaningful impact in the first quarter, in the form of a bank liquidity crisis that required swift intervention by regulators to limit contagion.
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VideoHigh Yield: Finding Value in a Volatile Environment
Chris Sawyer, Head of European High Yield, discusses current conditions in the global high yield market and explains how they are creating the potential for attractive total returns.
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White papersSDG Engagement High Yield Credit, Annual Report 2022
In a review of the past 12 months, the investment team offers an in-depth view of engagement highlights, progress on milestones, performance and case studies.
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White papersFallen angels: beyond the downgrade
The dynamics of fallen angels make for compelling risk-adjusted returns but avoiding falling knives is paramount to maximise value for investors. From performance drivers to the supply outlook, we explore how active management can ensure we capitalise on a bond’s fall from investment grade.
