Opinions

Close-Up_small.JPG

Insight  |  August 29, 2024

Has 2024 been all about tighter spreads? Not everywhere...

In his latest column on key developments, themes and opportunities in credit markets, Ian Horn explores what is happening to longer-dated spreads in European investment grade.

what-now-small.JPG

Insight  |  August 28, 2024

What now?

Recent market turbulence should offer a sobering reminder to investors that this is not a risk-free environment, writes George Muzinich.

Keep-Calm-small.JPG

Insight  |  August 19, 2024

Muzinich Weekly Market Comment:

In our latest roundup of developments in financial markets and economies, we look back at a much calmer week of price action following a turbulent start to the month.

trolley_small.jpg

Viewpoint  |  August 13, 2024

In short supply: Five questions on Asian credit

Mel Siew shares his thoughts on how policy rates, emerging technologies and a supply deficit are impacting Asian credit markets.

weekly-tape-small.JPG

Viewpoint  |  August 12, 2024

Muzinich Weekly Market Comment: The great carry unwind

In our latest roundup of developments in financial markets and economies, we look back at how a surprise Bank of Japan rate hike and disappointing US job numbers set off a dramatic chain of events.

fire_small.PNG

Analysis  |  August 9, 2024

EM Monthly: Light my fire

In our latest roundup of key themes in emerging-market debt, we explore how credit investors can potentially benefit from growing global energy consumption and demand for copper.

Read-between-the-loans-small.JPG

Viewpoint  |  August 8, 2024

Read between the loans: The big questions facing US private credit

As US direct lending continues to grow, the market is getting increased attention from actors across the financial system – not all of it favourable. Michael Smith explains why understanding the nuances is essential for investors considering an allocation to the asset class.

Snapshot6.JPG

Snapshot  |  August 7, 2024

Corporate Credit Snapshot - August 2024

Global credit generated positive returns across the board in July. The key driving factor was a rally in rates as investors found increased confidence that the FOMC (Federal Open Market Committee) would begin reducing rates by September based on economic data.

egg.jpg

Insight  |  August 5, 2024

Muzinich Weekly Market Comment: Too little, too late?

In our latest roundup of developments in financial markets and economies, we look at whether the effects of a delayed policy response by developed-market central banks are starting to materialise.

Podcast_small.jpg

Podcast  |  August 2, 2024

EM delivers, but will that continue?

Emerging market hard-currency corporate credit outshone other sub-asset classes in the first half of 2024. And yet, holdings of the same sub asset class by dedicated and crossover investors are at their lowest levels in five years. In the latest episode of the Muzinich podcast, portfolio manager Warren Hyland seeks to unpick the reasons why and the prospects of this changing in the coming months.

jenga_small.JPG

Viewpoint  |  August 1, 2024

Are investors being paid to take risk within credit?

In his latest column on key developments, themes and opportunities in credit markets, Ian Horn explores what is happening to spread premia in the European investment-grade market.

board_small.JPG

Insight  |  July 29, 2024

Muzinich Weekly Market Comment: Holidays on hold

In our latest roundup of developments in financial markets and economies, we look at a busy week for central banks and explain why that could continue this summer.

baloon-small.JPG

Insight  |  July 25, 2024

Safety first: Why quality matters in high yield

The high-yield market held up well in the first half of the year, but as Jamie Cane and Kevin Ziets explain, prudence and careful credit selection will remain vital in the coming months.

Opportunity-Knocks-small.JPG

Insight  |  July 19, 2024

EM Monthly: Opportunity Knocks

An improving macro picture and less election noise could provide a tailwind for EM credit for the rest of 2024.

stepping-stones-small.JPG

Analysis  |  July 16, 2024

Activate your cash: Addressing reinvestment risk through a stepping stone approach

Falling interest rates will lower future returns on cash. Portfolio managers Tatjana Greil-Castro and Ian Horn explain how an allocation to short-duration corporate bonds could offer protection against this reinvestment risk without exposing investors to undue duration risk.

Podcast_small.jpg

Podcast  |  July 15, 2024

Impasse: What next for France?

French president Emmanuel Macron called a snap election on June 9. But with no group winning a clear majority following the two round French election, where does the country go from here? That’s the question we try to answer in the latest episode of the Muzinich Podcast, featuring Erick Muller, director of product and investment strategy at Muzinich.

AAG3.JPG

Snapshot  |  July 11, 2024

Muzinich Asset Allocation Group Monthly Update - July 2024

Please click to watch our latest Asset Allocation Group video update for the month of July 2024.

diamond_small.JPG

Analysis  |  July 9, 2024

Lack of dispersion supports ‘up-in-quality’ bias

Portfolio manager Ian Horn looks at what investors can learn from comparing mean and median credit spreads, and explains why current market conditions favour quality over beta.

scale.jpg

Viewpoint  |  July 3, 2024

The re-weighting game: European credit losing appeal versus US

Portfolio manager Ian Horn discusses the latest developments, themes and opportunities in the investment-grade and high-yield markets.

Podcast_small.jpg

Podcast  |  June 20, 2024

Now you CEE me…….

Are economies growing faster in developed Europe than those in Central and Eastern Europe (CEE)? Are the debt metrics of countries like Italy, Spain or the UK healthier than the likes of the Czech Repulic, Estonia or Slovenia? Warren Hyland, portfolio manager and co-author of our EM Monthly series and senior credit analyst Mark Robinson share their thoughts.

Podcast_small.jpg

Podcast  |  June 19, 2024

Podcast - Adapt and thrive: A dynamic approach to credit investing

In the latest episode of the Muzinich podcast, we explore the potential benefits of a more dynamic approach to credit investing with Mike McEachern, Co-Head of Public Markets at Muzinich and the lead portfolio manager on the Dynamic Credit Income strategy.

Load More