High-yield bonds were particularly affected during the March sell-off, and the asset class is still trading at attractive valuations. At a time when listed companies are cutting dividends, we believe that high yield’s income-generating qualities means that it has the potential to deliver superior risk-adjusted returns earlier on in the market’s recovery.
Two big themes are preoccupying investors right now: risk and recovery. Here Alastair Greenlees, senior investment strategist at Kempen, gives us the latest update on the economic impact of the Coronavirus. In it he argues that while short term fluctuations can be concerning, it’s important to keep an eye on the longer-term.
In this paper, the Eaton Vance Multi-Asset Credit team looks at how recent price dislocations have affected the outlook for longer-term value across credit markets.
QMA’s Global Multi-Asset Solutions Group shares their ten-year capital market assumptions for the fourth quarter of 2019.
In our 2019 Real Asset Study, we spoke to 500 investment decision-makers across Europe, representing over €600 billion in assets under management. One undeniable trend highlighted in the study is the growing influence of environmental, social and governance...
In 2018 we wrote a letter, supported by 60 asset managers and owners, urging the oil industry to take more action on climate change. What was the outcome?
Why we believe that actively engaging with companies can lead to better investment outcomes.
ESG (environmental, social, governance) investing has evolved considerably over the last two decades, from simple stock-exclusion strategies to more specialized thematic, engagement and impact-oriented solutions. Despite this strategic evolution, we believe...
In this Q&A, Mike O’Brien, Director of Global Trading, offers his insights into how the trading desk seeks to add alpha to the investment process.
Industry Voice: Economic policy or economic growth? What matters most for sovereign bond quality and performance? See Eaton Vance's latest report
In this paper, Marshall Stocker, Ph.D, CFA, explores the key drivers of sovereign bond ratings, spread performance and frequency of defaults, paying particular attention to the determinant role that economic policy plays.
Flexibility means having the freedom to invest strategically across fixed-income markets. In this paper, we look at how flexible strategies generate returns by allocating capital and risk across the credit spectrum.
Deficit contributions and favourable asset returns in recent years have led to improved funding positions and our analysis suggests buying out scheme liabilities with an insurer is now a realistic medium-term goal for the majority of FTSE 350 companies...
As monetary policy seems almost exhausted, could fiscal easing kick-start growth and take us out of the low rate, low growth environment that we have been in for 10 years?
2018 was a testing year for master trust investment performance. Michael Ambery looks at how different strategies fared during a difficult 12 months
Professional Pensions takes a look at how the master trust market is evolving in light of the authorisation regime and asks what the future could hold
Driven by an increase in corporate bond yields and the continuing payment of deficit contributions, 2018 was a positive year for the disclosed financial position of the FTSE 350's defined benefit (DB) schemes, with the aggregate deficit decreasing from...
Corporates must place greater emphasis on their schemes' endgame target, says Barnett Waddingham.
In recent years there has been a sharp uptick in the number of UK DB pension scheme trustees implementing fiduciary arrangements. Indeed, this is not a coincidence given the current investment environment trustees are facing.
The current US economic expansion is now the longest in modern history, and investors globally will be seriously contemplating the end of the credit cycle.