The high yield market has seen significant shifts over the last few years. After a period of low borrowing costs, high interest rates have created a new environment. While strong companies are finding opportunities, riskier issuers could face challenges, says Azhar Hussain, Head of Global Credit, Royal London Asset Management.
Niklas Nordenfelt, Head of High Yield, and Phillip Stusser, Senior Portfolio Manager at Invesco, discuss how US high yield has fared in the last three major recessions and how this time might be different.
Investment managers look at the impact of last year’s LDI crisis from a macro and asset class angle
Covid-19 has demonstrated how crucial it is for pension schemes to enter into economic crises in a position to react to opportunities with short-term windows, says David Lloyd.
Panellists discuss alternative credit, ask how schemes can use it in their portfolios and explain the benefits of allocations to this asset class.
Brett S. Kozlowski, CFA, fixed income portfolio manager at Putnam Investments, explains the diversification advantages of securitised debt.
Altaf Kassam looks at how schemes can make their growth portfolio work harder
Credit markets face challenges but there are opportunities for schemes finds Lynn Strongin Dodds
Sorca Kelly-Scholte says schemes need to start looking at making changes to investment strategies as they become cashflow negative.
An emphasis on matching liabilities means many schemes are not spending enough time on boosting returns according to Goldman Sachs Asset Management.