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....

Azhar Hussain, Head of Global Credit at Royal London Asset Management, gives his views on where the high yield markets are heading in 2023 and how the story will be all about the recession and the shape of the default cycle.....

In some credit sub-asset classes, such as US high yield, many pure passive products and active managers have historically lagged the leading benchmarks used by institutions. A happier medium could be an efficient beta approach with tight tracking and a fundamental factor tilt mitigating some biases that can hamper long-term returns.....

Pinebridge Head of Credit and Global Fixed Income, Steven Oh, argues that valuation cracks will develop in the months ahead, and he is looking to move from defensive to offensive when opportunities emerge.......

"An environment that continues to rattle risk markets should favor carry asset classes like credit, with a higher proportion of stable returns coming from coupon income, which can act as a buffer against volatility," argues two managers.......

Increased yields on liquid high yield corporate debt are encouraging some investors to revisit the space, but they need to pay careful attention to sector and company selection and liquidity issues, says Alfred Berg´s Henrik Emil Hoyerholt and Kristoffer Sonnervik......

Azhar Hussain, Head of Global Credit at Royal London Asset Management, argues that global high yield credit should have wider appeal, and that the front end of the market offers the best protection from the twin threats of inflation and recession......

We spoke to Rens Ramaekers, portfolio manager in the European ABS and Mortgages team, at Aegon, to find out why Dutch mortgages offer a yield premium, how to quantify their liquidity and valuation risks and why the credit risk has historically been so low.....

Heightened market volatility has led to misconceptions about credit, in Pimco´s view. They dispel four of them here......

Interest rates remain ultra-low, fiscal stimulus may be near a peak and major economies’ monetary policy will likely become less accommodative. So how do you invest in these markets?

Zombie companies are the talk of the town. Will they limp on forever, storing up potential trouble for investors’ portfolios, or can they revive and thrive after the COVID crisis.......?

Wellington´s Campe Goodman shares his views on the credit markets, the impact of Covid-19 and how he is allocating capital across sectors.....

The outbreak of the coronavirus across the world has sent financial markets into shock. This article provides an update on how recent market turmoil has impacted fixed income assets, the core holdings for most insurers...

Why a Long/Short approach to High Yield Credit makes sense in the current environment...

Can CLO´s provide a positive yield oasis amid negative yields?

An alternative to negative rates on bank deposits.....

Fundamental headwinds balanced out by renewed ECB QE....

Archie Beecher explains how a proactive approach helps identify ESG risk and exposure to it....

High yield investors had a good start of the year; is there any need to sell already? Or should we continue to profit from this clear-cut and exploitable market anomaly?

The time of the bond vigilantes is back....have we reached a point where the bond markets now can force the Fed´s hand?

Head of Strategy Fixed Income, Ariel Bezalel, talks about recessionary risks and how it affects his asset allocation.....

How expected returns can be enhanced without increasing risks - can cutting-edge visualisation tools and a first-principles approach secure the predictable benefits of a diversified portfolio?

Making the case for the U.S. lower middle market and addressing myths of direct lending

With fundamentals shifting, is 2019 seeing the return to value trades in global credit markets?

We asked Aperture Investors’ Chief CIO, Simon Thorp, where he is looking for long and short ideas in liquid corporate credit markets....

Credit spreads have widened out in 2018, which has been the worst year since 2008 for some parts of the credit markets. Is it still possible to construct a defensive strategy through careful rules and credit selection?

European equities in general have produced disappointing performance but some high conviction stock-pickershave found hidden gems and compelling growth stories despite the sclerotic economic backdrop...

What are ABS, how are they structured and what are the characteristics of the European ABS market? This analysis helps investors to better understand the asset class, its opportunities and risks....

Q&A with Alain Krief and the bond stategy that replaces benchmarks with target dates...

For investors who allocate part of their assets to illiquid categories, Dutch mortgages can offer an additional spread compared to Danish mortgage bonds...

With interest rates in the Eurozone, Denmark and Sweden having been negative for some years, investors are considering a switch from fixed rate assets to floating rate assets, which should see their coupons increase when and if rates rise.

Both short term interest rates, and yields on longer term government debt, are below inflation in most developed countries. Are inflation-linked government bonds a solution?