By Gareth Abley, Co-head of Alternative Strategies, MLC Asset Management
A perennial challenge for most investors is that the vast majority of the risk in their diversified portfolio derives from equities and bonds. This can work over most long-term periods and is a good basis for many portfolios however, after...
Commentary from Paul Miron, Managing Director and co-founder of Sydney-based private credit provider Msquared Capital, on the importance of transparency in the private credit market.
"As the secured private credit market increases in popularity in Australia, it is evident that the sector is experiencing growing pains. The media is rightfully waiving...
From Paul Chin, Director – Head of Investment Strategy, Jamieson Coote Bonds
Chasing those enticing yields? High yield credit funds can seem like a golden ticket. They promise strong returns compared to other asset classes, which might make them look like the smarter choice. But before diving in, it’s crucial...
Global Asset Allocation Viewpoints and Investment Environment by T. Rowe Price Australia Investment Committee, as at 31 July 2024.
MARKET PERSPECTIVE
Global growth showing increasing signs of cooling along with easing inflationary pressures.
Recent data across labor markets, consumer and businesses pointing toward moderating U.S. growth. European growth supported by services, while...
By Robert Tipp, CFA, Chief Investment Strategist & Head of Global Bonds at PGIM Fixed Income
This year has been a roller-coaster for the bond market as alternating waves of pessimism and optimism mirrored the wide swings in economic data. However, higher yielding sectors, such as high yield corporates and...
I recently listened to a PGIM webinar on credit risks and deteriorating lending standards. It was so good, I wanted to share some of the comments and key take-aways with you. Importantly, PGIM is one of the largest non-bank lenders in the world, so its insights are valuable.
The US...
The VIX1 is signaling uncertainty is on the rise.
In our view, while recent earnings reports look fine, on closer inspection, companies report stress below the surface and concerns are growing that AI-related capex may have gotten ahead of itself.
Investors face the challenge of adjusting from a...
Markets have been volatile lately, marked by sharp declines in global equity indexes, bond yields and commodity prices.
Stephen Dover, Chief Market Strategist, Head of Franklin Templeton Institute says, "The Franklin Templeton Institute is following market conditions and the fundamentals closely. Across all global regions and major asset classes, our...
Despite the focus on credit spreads, yield has proven to be a more reliable indicator of high yield market attractiveness. With a strong correlation between starting yield and five-year forward returns, and a historically high-yielding environment coupled with low projected default rates, the high yield asset class is well-positioned...
From Guy Stear, Head of Developed Markets Strategy at the Amundi Investment Institute
Three factors that have contributed to the shift in sentiment
▪ Market reversal: Global stocks suffered big losses, with Japan's Topix index racking up its largest one-day drop in more than three decades. European and US stocks also fell,...
