While global interest rates raced higher last year, 2023 has been characterised by a cooler economic environment as central bank tightening slows and rates stabilise. Invesco´s experts from their direct lending, bank loans and distressed credit teams share their views on what’s next, and what this means for private credit investors......
The turmoil in the banking sector which erupted in March sparked a degree of panic lasting into April. In this mid-year view, M&G ask: is the worst of the banking turmoil over, and how concerned should we be about any impact on the property market that may lie ahead?
The unfolding environment has never been better for an active manager in the sovereign bond space, argues Craig Inches of Royal London Asset Management. He sees several strategic and tactical opportunities persisting for several years and he outlines them here.........
Allocators and asset managers from Sweden, Finland and the Netherlands discussed geographic diversification, market timing and distressed opportunities, credit ratings, defaults and workouts, sizes of corporate borrowers and consumer versus corporate risk. Most allocators’ existing exposure to private debt is well below their targets and there is plenty of capital to deploy.
Royal London Asset Management´s Head of Sustainable Investments, Mike Fox, makes the case for why the firm is increasing exposure to banks amidst a changing macro environment, more attractive financial characteristics for equity investors and improved environmental performance as better disclosure on financed emissions and clearer policies on future lending are made.....
Higher interest rates and tighter lending conditions are creating a very attractive environment for opportunistic credit managers with flexible capital to fill large liquidity gaps.....
Emerging markets debt hard currency offers unrivalled scale, compelling diversification and attractive return potential but myths pervade the asset class which detach perception from reality around defaults, leverage to the developed market cycle and ESG risks, argues Janus Henderson´s Thomas Haugaard.....
In this virtual roundtable we were joined by investors from Norway, Sweden and The Netherlands to discuss how asset owners, asset managers and allocators face a new landscape of absolute and relative value and risk premia in terms of interest rates, credit spreads, illiquidity premia, corporate and consumer default risk.......
We sat down with CIO, Gustav Karner, to talk about how the EUR 1.2 billion fund managed to create a positive return in 2022 with the help of hedge funds and defensive macro positioning.....
Speaking to allocators across the Nordics, we hear different opinions about the outlook for high yield credit spreads, default rates, recovery rates and other variables. Hamlin Lowell interviewed Insight portfolio manager, Paul Benson, to gather some historical and analytical perspectives....
