From Insight Investment
The Fed took a modestly more hawkish tone at the latest FOMC meeting. It announced it will begin slowing its pace of quantitative tightening. We still project rate cuts this year and believe it remains a compelling time to add exposure to fixed income.
The Fed Continues to...
Bryan David, Multi sector Portfolio Manager, Principal Asset Management
Markets opened the year with enthusiasm over the prospect of forthcoming policy rate cuts after the Federal Open Market Committee (FOMC) signaled a policy pivot in their final meeting of 2023. However, as 2024 has progressed, that excitement has given way...
The Fed's game plan hasn't changed, but defeating inflation will take longer than it expected. From Deborah A. Cunningham, Chief Investment Officer, Global Liquidity Markets, Federated Hermes
The Federal Reserve has had the markets running on a treadmill for several months. The despairing tone of the statement from yesterday’s FOMC meeting indicates...
By Arif Husain, Head of Fixed Income and Chief Investment Officer, Fixed Income, T.Rowe Price
Emerging market debt easily outperformed both global developed market bonds and U.S. investment-grade debt in 2023.
While some investors may be wary of exposure to faltering growth in China, the fundamental strength of emerging market bond...
The US high-yield credit market has been a reliable asset class for investors growth fixed income allocations over the past decade. Grant Webster, Co-Head of Emerging Market & Sovereign FX, Ninety One, warns of potential disappointment ahead and outlines why an allocation to emerging market debt looks like an...
From Barwon Investment Partners a specialist fund manager investing in alternative assets across Healthcare Property, Property Finance and Global Investments.
Private Credit covers a range of different lending activities (direct lending; distressed credit; mezzanine debt; special situations; venture debt; opportunistic credit; real estate and infrastructure credit).
This note focuses on direct...
In this Q&A, Sunita Kara and Brent Finck from Aviva Investors discuss why recent developments in high-yield markets strengthen the case for active management.
Read this article to understand:
How dispersion across credit-quality tiers creates opportunities for active fund managers
How variations across the market are being driven by sector-specific...
From Chris Iggo, Chief Investment Officer, Core Investments, AXA Investment Managers.
Markets are getting close to pricing out any interest rates cuts for 2024. That seems a little extreme. In the US, sticky prices in parts of the services sector have stalled the disinflation process, but the core personal consumption...
Last Friday I attended a panel discussion with Chamath De Silva, Head of Fixed Income at BetaShares, Chris Joye, Chief Investment Officer at Coolabah Capital and Anthony Kirkham, Portfolio Manager at Western Asset Management, part of the Franklin Templeton Group. Rather than transcribe the session, here are my key...
Rapid growth of this opaque and highly interconnected segment of the financial system could heighten financial vulnerabilities given its limited oversight.
From Charles Cohen, Caio Ferreira, Fabio Natalucci, Nobuyasu Sugimoto, International Monetary Fund
The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, topped $2.1 trillion...
