Clearer outlook sets the stage for credit outperformance in 2024
The principal concern for investors today is that a "higher-for-longer" rate environment could further dent corporate valuations, raise worries about issuer refinancing and default risk and even pose the risk of destabilising another area of the economy, according to Western...
As a large lender in private markets, Aviva Investors has access to a pool of proprietary data they use to analyse market trends and enhance investment decision making. The data shows that during economic downturns or periods of market stress, illiquidity premia tend to be squeezed as private debt...
Investors are increasingly directing their fixed income portfolios towards passive Exchange-Traded-Funds (ETFs) and term deposits (TDs) for cost-efficiency. However, this move may undervalue the risks of passive funds and overlook the potential for higher income and returns offered by active management.
By Darren Langer, Co-Head of Fixed Income, Yarra Capital...
Investors need to navigate a fragmented economic outlook and higher volatility risk in 2024.
Global growth will decelerate, driven by slowing developed economies and a mild recession in the US in H1. Growth differential between Emerging and Developed Markets will reach a five year-high.
India will grow faster than...
Earlier this week I attended the Australian Securitisation Forum Conference in Sydney. In the opening panel discussion, Luci Ellis, Chief Economist at Westpac (also past Assistant Reserve Bank Governor) and Sally Auld, of JBWere, Annette Beacher of Hesta, Emily Dabbs from Oxford Economics, and Sharon Zollner from ANZ New...
In the context of fighting inflation, the 'final mile' represents the successful and sustainable achievement of a central bank's inflation target.
Stephen Dover, Chief Investment Strategist and Head of Franklin Templeton Institute, opines on the Fed's ability to reach it.
Dover says: "In shipping, the 'final mile' refers to the end...
Owen Murfin, an Investment Officer and Institutional Portfolio Manager with MFS Investment Management has been in Australia this week and caught up in Brisbane with FINA's Brenton Gibbs for a conversation about their market views, expectations, portfolio allocations, and some opportunities.
Brenton: We've recently seen rising geopolitical tensions. Do you...
Global Asset Allocation Viewpoints and Investment Environment by T. Rowe Price Australia Investment Committee, as at 31 October 2023.
MARKET PERSPECTIVE
Global central banks’ emphasis moving towards growth stabilization with increasing evidence that both growth and inflation trending lower.
European and UK economic growth nearing recession levels, putting central banks...
By Johann Plé, Green Social and Sustainability Bonds Strategy Manager at AXA Investment Management
Over the past few years, the green bond market has grown from a niche market to a credible alternative to the conventional bond market.
So far this year, green bonds issuance is up 25% of the previous...
Concerns over rising US deficits, growing debt burdens and decreasing demand for US Treasuries are somewhat overstated: Western Asset
Western Asset, part of Franklin Templeton, believes concerns over rising US deficits, growing debt burdens and decreasing demand for US Treasuries are somewhat overstated.
Robert Abad, Product Specialist at Western Asset says,...
