All Fixed Income articles – Page 83
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Asset Manager NewsImplications of the global debt explosion
Global debt was at an unprecedented level before Covid-19. With the subsequent policy response injecting liquidity into most parts of the world economy, the debt predicament is set for a worse path. We explore the implications for sovereigns, financials and corporates, particularly from the perspective of credit investors.
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White papersWhy USD Fixed Income may look increasingly attractive to European investors
US fixed income can be a valuable source of diversification for European investors, but in the past the cost of hedging of the US Dollar exposure was high, neutralizing this benefit. The situation has changed, and the cost of hedging for Euro-based investors is much lower than in the recent past. Furthermore, we expect this cost will remain low.
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White papersQ&A: The Pandemic and Politics
Assessing the 2020 race in light of COVID-19, economic weakness and civil unrest.
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White papersTackling ‘lower for longer’ with private debt and real assets
Investors seeking alternative and resilient sources of yield in the face of ‘lower for longer’ growth and inflation are increasingly eyeing private debt and real assets. David Bouchoucha, chief investment officer of private debt & real assets (PDRA), discusses the attractions of the asset class.
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White papersThe “Pandemic Put” Can’t Last Forever
As the second half comes into focus, investors will have to contemplate a world in which the risks remain—and the backstops come with strings.
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White papersAsian Credit Remains Firmly Investment Grade
Spread-widening in the Asian credit markets due to COVID-19 is understandable, but we believe it overstates downgrade and default risks, and represents an attractive value opportunity for long-term investors.
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White papersGiving credit to decarbonisation (part 2)
What actions are commercial real-estate owners, and their lenders, taking to reduce carbon emissions – and how can this impact the performance of their assets?
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White papersGiving credit to decarbonisation (part 1)
What are the hallmarks of best-practice carbon disclosures among corporate-bond issuers, and how can climate action positively impact the performance of companies?
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White papersThe inflation genie – Understanding the drivers for the medium term
The COVID-19 pandemic has revived a familiar conversation about the inflation genie escaping the bottle. The speculation is similar to the one that surfaced in the immediate aftermath of the Global Financial Crisis and at various points since then: That we are likely to experience a burst of inflation in the coming years.
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White papersExploiting credit opportunities through a long/short approach
Simon Thorp, CIO at Aperture Investors UK, Ltd, part of the Generali Investments multi-boutique platform. Simon, with over 30 years of experience in fixed income markets, was previously CIO at KKR Credit.
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White papersThriving Amid Volatility: Perspectives on Asian Credit
While the majority of global markets have experienced volatility, the Asian fixed income market continues to remain resilient. What are the key factors that allow the region to thrive? As the leader in global supply-chain manufacturing, what does the future hold for the region?
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White papersESG: The Intent Beyond the Income
ESG is playing an increasingly meaningful role in fixed income investing. At Barings, we formally integrate ESG across our corporate credit asset classes—but the way we apply our analysis is necessarily different due to the nuances of each market.
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White papersESG in Fixed Income: Progress Over Perfection
Fixed income investors have been slower to adopt environmental, social and governance factors, but change is afoot. Barings’ experts explain how fixed income managers can—and are—driving tangible change among corporate debt issuers—and why investors need to pay attention.
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White papersSpotlight on Euro HY - The changing shape of indices
Significant swings in returns, first negative and then positive, have been a feature of the high yield markets, affecting sectors differently. During that time, the economic disruption Covid-19 has caused has led to many more credit rating downgrades.
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White papersHigh Yield: The Power of Flexibility in Volatile Times
The journey back to normalcy will likely be punctuated with stops and starts. But opportunities will emerge—and being in a position to capture the upside is key.
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White papersCovid-19 - Institutional Fixed Income market update briefing
Credit markets have continued to perform well, enjoying underlying official support and as investors continue to look to add risk. In this short summary, we highlight activity within the main fixed income markets, including leveraged loans and asset-backed securities in recent weeks.
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White papersCoronavirus & Inflation in Advanced Economies: Slower for Longer
If consumers manage to recover quickly and healthily, thanks in part to so much public money being put in their hands, supply may fall short and inflation could come back.
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White papersA risk-based approach to harnessing alternative sources of income
The income-generating potential of alternatives seems to be largely underappreciated, despite the trend toward larger allocations to alternative asset classes and the need for yield. Investors can enhance their ability to capitalize on the yield and diversification benefits of alternatives by focusing on the risks that drive returns in each specific segment of the alternatives universe. Executing this, however, is no simple task. If done incorrectly, investors risk negating some of the diversification benefits that make alternatives such valuable contributors to stronger, more resilient portfolios.
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White papersFiorino: the purpose of pandemic banking
In the latest instalment of Fiorino, our blog focused on deciphering complexity in global financials, we assess the resilience of banks as they prepare to finance businesses during the disruption caused by the pandemic.
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White papersSpotlight on Sterling credit - Identifying opportunities
The strong recovery in sterling credit in Q2 can mask some underlying developments within the index, creating both risk and opportunity. Much of the current attractive credit premium at the overall index level may be attributed to a relatively small number of sectors and issuers, while in the current economic climate, even those sectors traditionally considered lower risk, may be more vulnerable than many investors think.
