Holiday Reading Ideas
It has been quite the year for public and private credit markets. If the first half seemed to be dominated by questions over the timing of central bank rate cuts, the second half has seen heightened geopolitical uncertainty and economic divergence.
Over the course of 2024, our investment teams have delved into the big market and economic stories to assess their implications for global credit. Below is a selection of some of our favourite articles from the year.
Lending partnerships between asset managers and European banks may lead to low-risk, highly diversified private debt portfolios and potentially attractive returns for investors, argue Gianluca Oricchio and Gianpaolo Pellegrini .
Ian Horn, CFA examines what the normalisation of yield curves means for investors in the European investment-grade market.
Lower interest rates will reduce future returns on cash. Tatjana Greil Castro, PhD and Ian Horn, CFA explain how an allocation to short-duration corporate bonds could help investors willing to take modest interest rate and credit risk to maintain a potentially attractive yield on their capital.
Robust demand for aircraft and the retreat of banks from the aviation debt market are creating opportunities for alternative lenders and their investors, as Alok Wadhawan wan and Brian Lau u explain.
Investors considering an allocation to European high yield should pay heed to the old adage that time in the market is a more prudent approach than trying to perfectly time their entry, argues Thomas Samson .
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Many companies in Europe urgently need transformation. Private capital can be a big part of the solution, as Carlo Bosco explains.
Globalisation’s bumpy road is resulting in a new world order that could significantly benefit emerging markets, as warren hyland d explains.
After a challenging period for dealmaking, European private debt could be on the cusp of a recovery, as Kirsten Bode and Rafael Torres Boulet explain.
With good carry but tight spreads, this could be the time for a hedged approach to high yield, argue Jamie Cane, CFA and Greg Temo .
Like other parts of the world, Asia urgently needs capital to upgrade its infrastructure. Andrew Tan makes the case for investment in the underserved middle market.
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Views and opinions for illustrative purposes only, not to be construed as investment advice or an invitation to engage in any investment activity.