Commentary from Insight Investment's Head of Global Credit, Adam Whiteley, on the outlook for bonds / global credit.
How bonds are faring in the new inflationary environment
Despite a backdrop of nagging recessionary fears and persistent inflation, global credit is looking more attractive to investors now than at any stage over the...
Ninety One's Multi-Asset Credit team explains that various factors are distorting the headline index spread in the US high-yield market and suggests investors look to other parts of the global credit investment universe for better risk-adjusted value.
The difference between the median (a more accurate indicator for investors) and headline index...
BetaShares Australian High Interest Cash ETF (ASX:AAA) is the largest fixed income ETF in the market with $3.366 billion in funds under management as at 26 February 2024.
AAA is a cash fund that invests in deposits with NAB, Bendigo and Adelaide Bank, Bank of Queensland, Rabobank, Bank of Tokyo-Mitsubishi...
Investment-grade credit has had an encouraging start to 2024 – but are these really “Goldilocks” conditions for the asset class? In their latest Q&A, James Vokins and Chris Higham from Aviva Investors credit team discuss opportunities and risks in this market.
After a big rally in the last two months...
Franklin Templeton's Fixed Income Chief Investment Officer Sonal Desai says January inflation print confirms that the "last mile" of disinflation may prove to be a lot harder than markets expect, and investors should brace for more volatility and a possible move of 10-year Treasury yields back in the 4.25%-4.50%...
According to BetaShares, the Australian ETF industry ended 2023 at an all time high with total market capitalisation of $177.5 billion, representing 33% year on year growth. Most of the growth was due to an increase in market value, with $15 billion in new funds, up 12% on $13.5...
By Arif Husain, Head of International Fixed Income and Chief Investment Officer, Fixed Income at T. Rowe Price
Even after the late-year “Santa” rally, all-in yields in many credit sectors are near multi-decade highs, making it tempting to portfolio managers to have overweight credit allocations to maximise the yield opportunity....
Global Asset Allocation Viewpoints and Investment Environment by T. Rowe Price Australia Investment Committee, as at 31 January 2024.
MARKET PERSPECTIVE
Global growth expectations have stabilized, near the same levels as last year, with disinflation gaining momentum hinting at a global “soft landing.”
U.S. growth remains most resilient amongst developed...
Within fixed income, there are two well-known levers, duration and credit. However, there is also a lesser known third lever, Pure Relative Value investing. Scott Osborne, Investment Specialist at Ardea Investment Management, explores how this third lever provides compelling diversification benefits for investors when blended with duration and credit.
Investors...
