All Loans articles – Page 3
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White papersIs Europe Facing Another Banking Crisis?
Investors in European bank shares have been rattled by recent turmoil in the sector. But many banks are in much better shape than widely perceived, and the sector is subject to much tighter regulation than in the US. Select financial stocks should be able to weather the storm and perform well over time.
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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 papersWait-and-See Characterizes Mood of CLO Market
As concerns about the banking sector add to continuing macroeconomic uncertainty, the CLO market finds itself largely becalmed as participants await clearer signs of the market’s future direction.
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PodcastMaking investments in infrastructure debt impactful
Making investments in infrastructure debt impactful from a sustainability angle requires a perspective that goes beyond an attractive risk-return ratio and obvious green infrastructure assets such as solar plants. Apart from a wide network to source loans that are suitable, there is a need for a strong research and assessment capability to safeguard their ‘greenness’.
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White papersCutting the Gordian EM Restructuring Knot
Our proposal addresses the current standstill facing EM sovereign debt restructuring as well as improves participants’ incentive to maintain market access following a debt restructuring.
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BlogA Rising Tide Of Rate Resets Boosts Appeal Of Bank Loans
Leveraged loan yields have recently begun resetting higher alongside the sharp rise in base rates and now offer a compelling pickup in yield over most other fixed income asset classes.
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White papersA multi-asset perspective on recent bank turmoil: Don’t lose sight of the macro story
Franklin Templeton Investment Solutions explores the shared macro concerns that set the stage for the recent banking crisis, its ripple effects on the broader economy and implications for multi-asset investing.
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White papersNo systemic risk from SVB failure, but watch out for areas of vulnerability
Silicon Valley Bank (SVB), a commercial bank that specialises in serving start-ups in Silicon Valley, has been shut down by regulators.
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White papersEuropean Private Loans Benefit from Credit Crunch
With Europe’s public debt markets tightening as its corporate borrowers seek to refinance, private lenders sense an opportunity.
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White papersFixed Income: Securitized sectors outlook and opportunities
Fixed income is once again offering income, leading to attractive risk-adjusted return profiles in some segments of securitized sectors. As investors look to take advantage of higher yields, securitized sectors can offer not only income opportunities, but also uncorrelated returns and diversification benefits.
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White papers360° fixed income report Q1 2023: Inflation, disinflation, inflection
In the latest edition of our 360° report, the team reflect on what has been a promising start for fixed income in 2023. Can the rally sustain, has too much of the good news already been priced in, and what will shape the narrative over the course of this year?
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White papersHigh yield bonds vs. leveraged bank loans: Is now the time to rotate?
Over the last two years, leveraged U.S. bank loans (“loans”) have outperformed their high yield bond counterparts; however, we believe this trend may be coming to an end. The relative outperformance of loans during this period was primarily a function of duration, or more notably in 2022, the lack of duration.
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White papersEuropean leveraged loans: Defensive against rising rates and uncertainty?
2022 represented the end of the more than decade-long bull run and the impact for European loans was a dislocation to yields of c.10%. For long-term investors, we believe this provides an interesting investment opportunity for a senior secured defensive asset class with typically higher risk-adjusted returns than comparable credit risk asset classes.
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White papers3 Reasons for a Strategic Allocation to High Yield
Putting aside the elusive “right time to invest” in favor of a long-term approach
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White papersWhat is a CLO?
CLOs provide an efficient, scalable way of investing in floating-rate loans while offering structural protection that has historically performed well through multiple credit cycles.
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White papersCLOs: A Case for Higher-Quality
CLOs continue to offer compelling opportunities for disciplined investors—especially as robust structures provide protection against some of the lingering macroeconomic headwinds.
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BlogCredit Selection Supports the Allure of European Loans
The fourth post in a series on European high yield culminates with our views on how the asset class may perform under certain scenarios.
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White papersAlcentra: Time to refocus on the syndicated loan market in Europe
Higher inflation, higher base rates and a repricing of the European loan market present a compelling opportunity for investors.
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White papersHigh Yield: Value on Offer, But Stormy Seas Ahead
While there are signs that volatility will likely continue in high yield through the coming months, this environment, ultimately, may prove to be a significant opportunity for value creation.
