What do the conflicting signals of the bond market mean for investors?
Valuations across some parts of the credit market could look stretched
Credit
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Is the global macro/policy backdrop still supportive of credit?
The current yield-curve dynamics are not what we would normally expect in this stage of the business cycle
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Zombie revival, improving fundamentals and monetary policy
The outlook for high yield in 2021
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Credit implications of brown taxonomy greater than green version
Harmonised screening of high carbon/climate-risk inducing assets would affect ratings
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DWS European direct lending fund hits first closing
Fund has achieved first commitments of about €350m from investors across Europe and Asia
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MFS launches European credit fund
Luxembourg-domiciled fund primarily invests in euro-denominated investment-grade corporate debt instruments
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Finding fixed income yield in alternative credit
Bespoke private assets covering range of short term and long term securities can have attractive ‘illiquidity premiums’ due to the structure of the debt, according to a fixed income-focused fund selector.
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The missing link between sovereigns and corporates
Sovereigns and corporate fixed income investments are inextricably linked through economic and market forces. Too often a country’s economic risk profile can be mispriced in fixed income markets due segmentation of these sectors
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Mirabaud launches unrestricted global credit fund
Mirabaud Asset Management has launched a fixed income Ucits that focuses on providing a diversified portfolio of global credit opportunities.
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Exploiting the rule-based investor
The proliferation of smart beta in equity, leads to the question of whether smart strategies can be utilised in fixed income. Rules based investors are often the source of inefficiency in fixed income markets and to us a smart strategy requires an active component
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Neuberger Berman slams credit agencies on ESG failings
More needs to be done by the big three credit ratings agencies to incorporate environmental, social and governance (ESG) concerns into their issuer ratings, according to Neuberger Berman.
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Navigating credit risk for better gains
We find inefficiencies in markets using a series of strategies that maximise returns for a given level of risk.