The return of CLOs – what lies beneath?
Collateralised loan obligation issuance is booming, but underlying risks remain in the controversial asset class
Investment
-
-
Fund buyers dump absolute return in droves
Sentiment towards asset class at all-time low as outflows hit €7bn in September following Gam saga and volatility rise
-
Gam AUM shrivels by 20% following Haywood saga
Significant outflows across asset classes have followed liquidation of Swiss group’s absolute return fund range
-
Asia’s fund selectors like slumping Chinese equities
In the next 12 months, allocations to China equity funds will be up while US and European equity exposure will decrease, according to data.
-
MSCI launches ESG-screened indices for professional investors
The suite excludes firms involved in coal, oil sands extraction and controversial and nuclear weapons
-
Selectors in the dark on ESG criteria
Rating agencies at odds with UN body over ESG definition, EC sustainable framework decision key
-
Commerzbank raises €500m from inaugural green bond
The issuance will help finance on and offshore wind and solar projects in Europe and the Americas
-
‘Big oil’ stuns investors with commitment to tradition
Higher carbon prices and investor lobbying efforts are doing little to make oil and gas companies change their ways
-
European selectors shun hedge funds
European fund buyers are turning away from hedge funds amid concerns about developed market bond yields
-
Strategies to navigate volatile bond markets
With the US Federal Reserve expected to keep raising rates, where is the opportunity in fixed income?
-
US rate hikes ‘boost EM debt appeal’
US dollar currency speculation has led one fund selector to increase their allocation towards emerging market debt
-
Has EM high yield become vulnerable?
A dependence on bond issuance for funding will increase a company’s risk profile, according to BNP Paribas