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Fixed Income2020-05-28T21:35:48+02:00

Fixed Income

Small caps riding the AI wave

The rapidly spreading use of artificial intelligence is even further and more dramatically intensifying the demand for powerful semiconductor chips. But how does the increased use of artificial intelligence impact the semiconductor sector and what risks and opportunities does it provide to small-cap companies in particular?

Growing investment opportunities amid bank deleveraging trend

As banks double-down on capital relief and balance sheet optimisation, this is creating an attractive and unique entry point for investors to gain exposure to the core, yet ‘harder-to-access’, parts of bank balance sheets and earn potentially attractive risk-adjusted returns.....

Gaining exposure to surging military spending

With Finland and Sweden joining Nato, continued war in the Ukraine and tensions in the middle east, weapons are in high demand. While they are a controversial topic, investors are carefully evaluating obvious ESG concerns as they consider the defence sector and how to access it.....

The case for a market neutral Absolute Return Government Bond fund

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.........

NordicInvestor roundtable – diversifying private debt portfolios

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.

Reconsidering the banks sector

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.....

Demystifying emerging markets debt hard currency

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.....

NordicInvestor roundtable – tactical asset allocation in 2023

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.......

US high yield corporate debt: market outlook

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....

“Efficient Beta” Exposure to Corporate Credit

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.....